Brucke Financial Inc. Purchases Shares of 3,757 The Brink's Company (NYSE:BCO)

Brucke Financial Inc. purchased a new position in shares of The Brink's Company (NYSE:BCO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,757 shares of the business services provider's stock, valued at approximately $351,000.

A number of other hedge funds have also bought and sold shares of BCO. Mather Group LLC. raised its holdings in Brink's by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after acquiring an additional 174 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Brink's in the fourth quarter worth $36,000. Golden State Wealth Management LLC acquired a new position in Brink's in the fourth quarter valued at about $55,000. Aquatic Capital Management LLC acquired a new position in Brink's in the fourth quarter valued at about $56,000. Finally, First Horizon Advisors Inc. lifted its position 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 purchasing an additional 250 shares during the period. 94.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Brink's Price Performance

NYSE:BCO traded down $0.54 during mid-day trading on Friday, reaching $82.12. The stock had a trading volume of 324,086 shares, compared to its average volume of 302,585. The Brink's Company has a 12 month low of $80.21 and a 12 month high of $115.91. The stock has a market capitalization of $3.45 billion, a PE ratio of 31.11 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a 50-day simple moving average of $87.43 and a two-hundred day simple moving average of $90.50.

Brink's (NYSE:BCO - Get Free Report) last issued its earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.43. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.52 EPS. The company's revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current 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 paid a dividend of $0.255 per share. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date is Monday, May 19th. This represents a $1.02 annualized dividend and a yield of 1.24%. Brink's's payout ratio is presently 27.57%.

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.