ProShare Advisors LLC Boosts Stock Position in The Brink's Company (NYSE:BCO)

ProShare Advisors LLC increased its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,532 shares of the business services provider's stock after acquiring an additional 4,115 shares during the quarter. ProShare Advisors LLC's holdings in Brink's were worth $1,348,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BCO. Nomura Holdings Inc. acquired a new stake in shares of Brink's in the 4th quarter worth about $536,000. Sound Income Strategies LLC grew its position in shares of 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 purchasing an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. raised 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 valued at $27,681,000 after buying an additional 57,109 shares in the last quarter. Y Intercept Hong Kong Ltd raised 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 valued at $491,000 after buying an additional 184 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Brink's during the 4th quarter valued at $463,000. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analyst Weigh In

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

Brink's Stock Performance

Shares of BCO stock traded up $1.64 during mid-day trading on Tuesday, reaching $84.01. 37,805 shares of the company's stock traded hands, compared to its average volume of 299,573. 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 50 day moving average price of $87.68 and a two-hundred day moving average price of $90.81. The firm has a market capitalization of $3.53 billion, a PE ratio of 31.83 and a beta of 1.42. The Brink's Company has a 12 month low of $80.21 and a 12 month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.19 by $0.43. The business 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 business's revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. On average, 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. Stockholders of record on Monday, May 19th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio (DPR) is 27.57%.

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.