Harbor Capital Advisors Inc. Increases Stake in The Brink's Company (NYSE:BCO)

Harbor Capital Advisors Inc. grew its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,679 shares of the business services provider's stock after acquiring an additional 6,105 shares during the period. Harbor Capital Advisors Inc. owned 0.06% of Brink's worth $2,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nomura Holdings Inc. bought a new position in shares of Brink's during the 4th quarter worth about $536,000. JPMorgan Chase & Co. lifted its holdings in Brink's by 23.7% in the fourth quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock valued at $27,681,000 after buying an additional 57,109 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of Brink's by 3.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock worth $491,000 after purchasing an additional 184 shares in the last quarter. Choreo LLC bought a new position in shares of Brink's during the fourth quarter worth $463,000. Finally, Rhumbline Advisers raised its holdings in shares of Brink's by 3.3% during the fourth quarter. Rhumbline Advisers now owns 157,058 shares of the business services provider's stock worth $14,570,000 after acquiring an additional 5,014 shares during the period. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

Brink's Stock Performance

NYSE BCO traded down $0.46 during trading on Friday, reaching $84.08. The company's stock had a trading volume of 305,102 shares, compared to its average volume of 305,205. The firm has a 50 day moving average price of $86.90 and a 200 day moving average price of $89.69. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 31.85 and a beta of 1.43. 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 Brink's Company has a 12 month low of $80.10 and a 12 month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted its 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 firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS. As a group, equities analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.255 dividend. This is a positive change from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, May 19th. Brink's's dividend payout ratio (DPR) is 27.57%.

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.