ProShare Advisors LLC Acquires 4,115 Shares of The Brink's Company (NYSE:BCO)

ProShare Advisors LLC boosted its stake in The Brink's Company (NYSE:BCO - Free Report) by 39.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,532 shares of the business services provider's stock after purchasing an additional 4,115 shares during the quarter. ProShare Advisors LLC's holdings in Brink's were worth $1,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BCO. Barclays PLC increased its holdings in Brink's by 204.3% in the third quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock valued at $9,469,000 after purchasing an additional 54,975 shares during the last quarter. Westside Investment Management Inc. increased its holdings in Brink's by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 30,653 shares of the business services provider's stock valued at $2,844,000 after purchasing an additional 232 shares during the last quarter. SG Americas Securities LLC grew its stake in Brink's by 59.7% in the fourth quarter. SG Americas Securities LLC now owns 4,097 shares of the business services provider's stock valued at $380,000 after acquiring an additional 1,531 shares during the period. Inspire Investing LLC grew its stake in Brink's by 21.2% in the fourth quarter. Inspire Investing LLC now owns 4,323 shares of the business services provider's stock valued at $401,000 after acquiring an additional 756 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Brink's by 13.6% in the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock valued at $6,487,000 after acquiring an additional 8,352 shares during the period. Institutional investors own 94.96% of the company's stock.

Brink's Trading Down 1.2%

NYSE:BCO traded down $1.03 on Friday, reaching $82.36. The company's stock had a trading volume of 272,099 shares, compared to its average volume of 300,604. 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 quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $3.46 billion, a PE ratio of 31.20 and a beta of 1.42. The business's 50-day moving average price is $87.78 and its two-hundred day moving average price is $91.00.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.43. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. Brink's's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. Equities research analysts anticipate that The Brink's Company will post 6.49 earnings per share 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 given a dividend of $0.255 per share. The ex-dividend date is Monday, May 19th. This is a boost 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 is 27.57%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Brink's from a "strong-buy" rating to a "buy" rating in a research note 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.