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

Wellington Management Group LLP raised its stake in The Brink's Company (NYSE:BCO - Free Report) by 114.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,222 shares of the business services provider's stock after buying an additional 79,529 shares during the quarter. Wellington Management Group LLP owned approximately 0.35% of Brink's worth $13,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mather Group LLC. boosted its position in shares of Brink's by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after acquiring an additional 174 shares during the last quarter. Sierra Ocean LLC purchased a new position in Brink's during the fourth quarter worth about $36,000. Golden State Wealth Management LLC purchased a new position in Brink's during the fourth quarter worth about $55,000. Aquatic Capital Management LLC acquired a new position in Brink's in the 4th quarter valued at about $56,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Brink's by 41.0% in the 4th quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock valued at $80,000 after buying an additional 250 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Trading Up 0.0%

Shares of Brink's stock traded up $0.03 during trading hours on Thursday, hitting $83.35. The company's stock had a trading volume of 372,358 shares, compared to its average volume of 304,394. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 31.57 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. The Brink's Company has a twelve month low of $80.10 and a twelve month high of $115.91. The firm has a fifty day moving average of $87.09 and a 200-day moving average of $90.22.

Brink's (NYSE:BCO - Get Free Report) last posted its earnings results on Monday, May 12th. The business services provider reported $1.62 EPS 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 analysts' expectations of $1.21 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. Research analysts forecast that The Brink's Company will post 6.49 EPS for the current year.

Brink's Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, May 19th. This is an increase from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio (DPR) is 27.57%.

Analyst Ratings Changes

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 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.