Millennium Management LLC Has $2.21 Million Stock Position in The Brink's Company (NYSE:BCO)

Millennium Management LLC boosted its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 537.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,795 shares of the business services provider's stock after purchasing an additional 20,062 shares during the period. Millennium Management LLC owned approximately 0.05% of Brink's worth $2,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BCO. FMR LLC lifted its stake in Brink's by 12.0% during the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock valued at $441,125,000 after purchasing an additional 510,389 shares during the last quarter. Norges Bank acquired a new stake in Brink's during the fourth quarter valued at approximately $46,603,000. Ariel Investments LLC lifted its stake in Brink's by 12.3% during the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after purchasing an additional 140,895 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Brink's by 210.0% during the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock valued at $18,429,000 after purchasing an additional 134,582 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in Brink's by 24.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock valued at $44,633,000 after purchasing an additional 95,318 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

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 Trading Up 0.0%

Shares of BCO stock traded up $0.03 during trading hours on Thursday, reaching $83.35. 372,358 shares of the stock traded hands, compared to its average volume of 304,393. The Brink's Company has a 1-year low of $80.10 and a 1-year high of $115.91. The business has a fifty day moving average price of $87.09 and a 200 day moving average price of $90.22. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $3.50 billion, a PE ratio of 31.57 and a beta of 1.42.

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

Brink's Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $0.255 per share. This is a positive change from Brink's's previous quarterly dividend of $0.24. The ex-dividend date was Monday, May 19th. This represents a $1.02 annualized dividend and a dividend yield of 1.22%. Brink's's dividend payout ratio is 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.