AQR Capital Management LLC Sells 28,722 Shares of The Brink's Company (NYSE:BCO)

AQR Capital Management LLC trimmed its stake in The Brink's Company (NYSE:BCO - Free Report) by 19.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,908 shares of the business services provider's stock after selling 28,722 shares during the quarter. AQR Capital Management LLC owned 0.27% of Brink's worth $10,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BCO. Barclays PLC raised its position in Brink's by 204.3% during the third quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock valued at $9,469,000 after acquiring an additional 54,975 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Brink's by 19.9% during the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider's stock valued at $32,862,000 after purchasing an additional 48,482 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Brink's by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock valued at $27,901,000 after purchasing an additional 23,781 shares during the last quarter. Oliver Luxxe Assets LLC boosted its holdings in Brink's by 6.6% in the fourth quarter. Oliver Luxxe Assets LLC now owns 31,421 shares of the business services provider's stock worth $2,915,000 after purchasing an additional 1,936 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Brink's by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider's stock worth $2,001,000 after buying an additional 207 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Brink's from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th.

Brink's Price Performance

Shares of Brink's stock traded down $0.53 during midday trading on Friday, reaching $92.66. The company had a trading volume of 270,210 shares, compared to its average volume of 293,403. The stock has a fifty day simple moving average of $87.69 and a 200 day simple moving average of $92.20. The Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 35.10 and a beta of 1.42.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, equities research analysts forecast that The Brink's Company will post 6.49 earnings per share for the current year.

Brink's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $0.255 dividend. This is a positive change from Brink's's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.02 annualized dividend and a yield of 1.10%. Brink's's dividend payout ratio is presently 26.87%.

Brink's Profile

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.