BNP Paribas Financial Markets Sells 14,299 Shares of The Brink's Company (NYSE:BCO)

BNP Paribas Financial Markets cut its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 59.0% in the fourth quarter, according to its most recent filing with the Securities and 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.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its position in Brink's by 12.0% during the 4th 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 period. American Century Companies Inc. boosted its position in Brink's by 0.7% during the 4th 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 period. Ariel Investments LLC boosted its position in Brink's by 12.3% during the 4th 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 period. Northern Trust Corp boosted its position in Brink's by 14.0% during the 4th 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 period. Finally, Southernsun Asset Management LLC boosted its position in Brink's by 15.4% during the 4th 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 period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Stock Down 1.2%

Shares of Brink's stock traded down $1.03 during trading on Friday, hitting $82.36. 272,099 shares of the stock traded hands, compared to its average volume of 300,634. The stock 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. The Brink's Company has a twelve month low of $80.21 and a twelve month high of $115.91. The company has a fifty day moving average price of $87.78 and a two-hundred day moving average price of $91.08.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.43. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm's revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. Equities research analysts predict that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date is Monday, May 19th. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Brink's from a "strong-buy" rating to a "buy" rating in a report 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.