Nuveen Asset Management LLC Sells 12,659 Shares of The Brink's Company (NYSE:BCO)

Nuveen Asset Management LLC reduced its position in The Brink's Company (NYSE:BCO - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 approximately 0.34% of Brink's worth $13,794,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of Brink's by 204.3% during the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock valued at $9,469,000 after acquiring an additional 54,975 shares during the period. SG Americas Securities LLC raised its position in Brink's by 59.7% in the 4th quarter. SG Americas Securities LLC now owns 4,097 shares of the business services provider's stock valued at $380,000 after purchasing an additional 1,531 shares in the last quarter. Inspire Investing LLC increased its position in Brink's by 21.2% during the fourth quarter. Inspire Investing LLC now owns 4,323 shares of the business services provider's stock worth $401,000 after buying an additional 756 shares during the period. KBC Group NV increased its position in Brink's by 61.6% during the fourth quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock worth $160,000 after buying an additional 656 shares during the period. Finally, Mather Group LLC. grew its stake in shares of Brink's by 146.2% in the 4th 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 during the last quarter. Institutional investors own 94.96% of the company's stock.

Analysts Set New Price Targets

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

Brink's Price Performance

Shares of NYSE BCO traded down $0.54 during mid-day trading on Friday, reaching $82.12. The company had a trading volume of 324,086 shares, compared to its average volume of 302,466. The Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91. 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 stock has a market cap of $3.45 billion, a PE ratio of 31.11 and a beta of 1.42. The company has a 50-day moving average price of $87.43 and a two-hundred day moving average price of $90.46.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.43. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS. On average, equities 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 given a dividend of $0.255 per share. The ex-dividend date is Monday, May 19th. This is an increase from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 1.24%. 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.