Bank of America Corp DE Decreases Stock Position in The Brink's Company (NYSE:BCO)

Bank of America Corp DE lessened its stake in The Brink's Company (NYSE:BCO - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 289,821 shares of the business services provider's stock after selling 5,608 shares during the quarter. Bank of America Corp DE owned about 0.66% of Brink's worth $26,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. increased its stake in Brink's by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after acquiring an additional 174 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Brink's during the fourth quarter worth $36,000. Golden State Wealth Management LLC acquired a new stake in Brink's during the fourth quarter worth $55,000. Aquatic Capital Management LLC acquired a new stake in Brink's during the fourth quarter worth $56,000. Finally, First Horizon Advisors Inc. increased its stake in Brink's by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock worth $80,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Brink's from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th.

Brink's Trading Down 1.2%

Shares of BCO traded down $1.03 during midday trading on Friday, hitting $82.36. 272,099 shares of the stock were exchanged, compared to its average volume of 300,634. The Brink's Company has a 52-week low of $80.21 and a 52-week high of $115.91. The stock has a fifty day simple moving average of $87.78 and a 200 day simple moving average of $91.08. The firm has a market cap of $3.46 billion, a P/E ratio of 31.20 and a beta of 1.42. 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 released its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.19 by $0.43. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the business posted $1.52 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.255 per share. This is a positive change from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, May 19th. Brink's's dividend payout ratio (DPR) is currently 27.57%.

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.