The Brink's Company (NYSE:BCO) Shares Sold by Castleark Management LLC

Castleark Management LLC trimmed its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,930 shares of the business services provider's stock after selling 15,840 shares during the quarter. Castleark Management LLC owned 0.18% of Brink's worth $7,137,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BCO. Mather Group LLC. boosted its position in Brink's by 146.2% during 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 purchased a new position in shares of Brink's in the fourth quarter worth $36,000. Golden State Wealth Management LLC bought a new position in Brink's during the 4th quarter valued at about $55,000. Aquatic Capital Management LLC purchased a new stake in Brink's in the fourth quarter worth approximately $56,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Brink's by 41.0% during the 4th quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock valued at $80,000 after purchasing an additional 250 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink's Stock Down 1.2%

Shares of BCO traded down $1.03 during midday trading on Monday, reaching $82.36. 272,099 shares of the stock were exchanged, compared to its average volume of 300,604. The company's 50 day moving average is $87.78 and its two-hundred day moving average is $90.94. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market capitalization of $3.46 billion, a P/E ratio of 31.20 and a beta of 1.42. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. On average, sell-side analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current year.

Brink's Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.02 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Brink's's previous quarterly dividend of $0.24. Brink's's payout ratio is 27.57%.

Analyst Upgrades and Downgrades

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