Nuveen Asset Management LLC lowered its stake in The Brink's Company (NYSE:BCO - Free Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,695 shares of the business services provider's stock after selling 12,659 shares during the quarter. Nuveen Asset Management LLC owned 0.34% of Brink's worth $13,794,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its holdings in Brink's by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider's stock valued at $3,632,000 after purchasing an additional 142 shares in the last quarter. Mather Group LLC. raised its stake in Brink's by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after purchasing an additional 174 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in 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 valued at $491,000 after buying an additional 184 shares during the period. Investment House LLC grew its holdings in Brink's by 7.0% during the 4th quarter. Investment House LLC now owns 2,920 shares of the business services provider's stock valued at $271,000 after purchasing an additional 190 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of Brink's by 3.7% during the fourth quarter. Xponance Inc. now owns 6,244 shares of the business services provider's stock valued at $579,000 after purchasing an additional 223 shares during the period. 94.96% of the stock is owned by institutional investors.
Brink's Stock Performance
NYSE:BCO traded down $0.32 during trading hours on Friday, reaching $82.35. The company had a trading volume of 105,421 shares, compared to its average volume of 301,096. The business's 50 day moving average price is $87.54 and its 200-day moving average price is $90.60. The firm has a market cap of $3.46 billion, a PE ratio of 31.21 and a beta of 1.42. The Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.
Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.43. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business earned $1.52 EPS. Brink's's revenue for the quarter was up .9% compared to the same quarter last year. Research analysts forecast that The Brink's Company will post 6.49 EPS for the current year.
Brink's Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued 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 dividend yield of 1.24%. This is a boost from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio is presently 27.57%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Brink's from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th.
Get Our Latest Analysis on Brink's
Brink's Company Profile
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Free Report)
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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