Nomura Holdings Inc. Buys Shares of 5,780 The Brink's Company (NYSE:BCO)

Nomura Holdings Inc. bought a new position in shares of The Brink's Company (NYSE:BCO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,780 shares of the business services provider's stock, valued at approximately $536,000.

Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in shares of Brink's by 13.6% during the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock worth $6,487,000 after buying an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Brink's by 23.7% during the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock worth $27,681,000 after buying an additional 57,109 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Brink's by 3.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock worth $491,000 after buying an additional 184 shares in the last quarter. Choreo LLC bought a new position in shares of Brink's during the 4th quarter worth approximately $463,000. Finally, Rhumbline Advisers lifted its position in shares of Brink's by 3.3% during the 4th quarter. Rhumbline Advisers now owns 157,058 shares of the business services provider's stock worth $14,570,000 after buying an additional 5,014 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

Shares of NYSE:BCO traded up $1.87 during mid-day trading on Tuesday, reaching $84.24. The company had a trading volume of 411,831 shares, compared to its average volume of 301,049. 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 firm has a market cap of $3.54 billion, a price-to-earnings ratio of 31.91 and a beta of 1.42. The company's 50-day moving average price is $87.64 and its 200-day moving average price is $90.77. The Brink's Company has a one year low of $80.21 and a one year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted 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 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%. Brink's's revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. As a group, equities research analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Brink's's previous quarterly dividend of $0.24. Brink's's payout ratio is 27.57%.

Wall Street Analysts Forecast Growth

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

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.