BNP Paribas Financial Markets Has $922,000 Stake in The Brink's Company (NYSE:BCO)

BNP Paribas Financial Markets reduced its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 59.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,937 shares of the business services provider's stock after selling 14,299 shares during the quarter. BNP Paribas Financial Markets' holdings in Brink's were worth $922,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Brink's by 12.0% in the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after acquiring an additional 510,389 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Brink's by 0.7% in the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after acquiring an additional 9,777 shares during the last quarter. Ariel Investments LLC increased its stake in shares of Brink's by 12.3% in the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after acquiring an additional 140,895 shares during the last quarter. Northern Trust Corp increased its stake in shares of Brink's by 14.0% in the fourth quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock worth $56,896,000 after acquiring an additional 75,138 shares during the last quarter. Finally, Southernsun Asset Management LLC increased its stake in shares of Brink's by 15.4% in the fourth quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock worth $55,442,000 after acquiring an additional 79,701 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Stock Up 2.3%

Shares of NYSE BCO traded up $1.87 during mid-day trading on Tuesday, reaching $84.24. The company had a trading volume of 411,831 shares, compared to its average volume of 301,049. The Brink's Company has a twelve month low of $80.21 and a twelve month 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. The stock has a market capitalization of $3.54 billion, a PE ratio of 31.91 and a beta of 1.42. The stock's 50 day moving average is $87.64 and its 200-day moving average is $90.77.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, equities analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Increases Dividend

The firm 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. This represents a $1.02 annualized dividend and a yield of 1.21%. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, May 19th. Brink's's dividend payout ratio is presently 27.57%.

Wall Street Analyst Weigh In

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

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.