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

AQR Capital Management LLC lessened its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing 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 approximately 0.27% of Brink's worth $10,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BCO. Barclays PLC grew its stake in Brink's by 204.3% during the 3rd 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. grew its stake in 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 acquiring an additional 48,482 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Brink's by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock valued at $27,901,000 after acquiring an additional 23,781 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in shares of Brink's by 6.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 31,421 shares of the business services provider's stock valued at $2,915,000 after buying an additional 1,936 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Brink's by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider's stock valued at $2,001,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

Brink's Stock Down 0.6%

Shares of NYSE BCO traded down $0.53 during trading hours on Friday, hitting $92.66. The stock had a trading volume of 270,210 shares, compared to its average volume of 293,510. The company has a market capitalization of $4.00 billion, a P/E ratio of 35.10 and a beta of 1.42. The firm's 50-day moving average price is $87.69 and its two-hundred day moving average price is $92.06. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.86 by $0.26. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. Analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal 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 given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.02 dividend on an annualized basis and a yield of 1.10%. This is a boost from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio is presently 28.25%.

About Brink's

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.