Castleark Management LLC Cuts Stake in The Brink's Company (NYSE:BCO)

Castleark Management LLC lessened its stake in The Brink's Company (NYSE:BCO - Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,930 shares of the business services provider's stock after selling 15,840 shares during the quarter. Castleark Management LLC owned approximately 0.18% of Brink's worth $7,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. lifted its stake in Brink's by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after purchasing an additional 174 shares in the last quarter. Sierra Ocean LLC bought a new position in Brink's during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC purchased a new position in Brink's during the 4th quarter valued at approximately $55,000. Aquatic Capital Management LLC purchased a new position in Brink's during the 4th quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. increased its stake in Brink's by 41.0% in the 4th 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 own 94.96% of the company's stock.

Analyst Ratings Changes

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

Brink's Price Performance

BCO stock opened at $86.48 on Wednesday. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The firm has a market capitalization of $3.63 billion, a P/E ratio of 32.76 and a beta of 1.42. The company has a fifty day simple moving average of $87.96 and a two-hundred day simple moving average of $91.42. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink's (NYSE:BCO - Get Free Report) last announced its 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 firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The business's revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS. Analysts anticipate that The Brink's Company will post 6.49 earnings per share 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. Stockholders of record on Monday, May 19th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.18%. This is a positive change 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 (DPR) is presently 27.57%.

Brink's Company 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.

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