Wellington Management Group LLP Increases Stake in The Brink's Company (NYSE:BCO)

Wellington Management Group LLP lifted its holdings in The Brink's Company (NYSE:BCO - Free Report) by 114.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 149,222 shares of the business services provider's stock after purchasing an additional 79,529 shares during the period. Wellington Management Group LLP owned about 0.35% of Brink's worth $13,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in Brink's by 12.0% during the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after buying an additional 510,389 shares during the period. Norges Bank purchased a new stake in shares of Brink's during the 4th quarter worth $46,603,000. Ariel Investments LLC boosted its position in Brink's by 12.3% during the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after purchasing an additional 140,895 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Brink's by 210.0% in the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock valued at $18,429,000 after purchasing an additional 134,582 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in Brink's by 24.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock valued at $44,633,000 after purchasing an additional 95,318 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Brink's Price Performance

Shares of NYSE:BCO traded up $0.87 during midday trading on Tuesday, reaching $83.01. 251,241 shares of the company's stock traded hands, compared to its average volume of 302,733. The company has a fifty day simple moving average of $87.33 and a two-hundred day simple moving average of $90.37. The Brink's Company has a 1 year low of $80.10 and a 1 year high of $115.91. The company has a market cap of $3.49 billion, a P/E ratio of 31.44 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

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, topping the consensus estimate of $1.19 by $0.43. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $1.52 earnings per share. The company's revenue for the quarter was up .9% on a year-over-year basis. Equities analysts predict that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, May 19th. This is a positive change from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a yield of 1.23%. Brink's's dividend 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 research report on Saturday, March 8th.

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.