The Brink's Company (NYSE:BCO) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its stake in The Brink's Company (NYSE:BCO - Free Report) by 46.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,848 shares of the business services provider's stock after selling 5,165 shares during the quarter. Gotham Asset Management LLC's holdings in Brink's were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCO. Barclays PLC increased its holdings in Brink's by 204.3% in the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock worth $9,469,000 after acquiring an additional 54,975 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Brink's by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 30,653 shares of the business services provider's stock worth $2,844,000 after acquiring an additional 232 shares in the last quarter. SG Americas Securities LLC increased its holdings 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 worth $380,000 after acquiring an additional 1,531 shares in the last quarter. Inspire Investing LLC increased its holdings in Brink's by 21.2% in the 4th quarter. Inspire Investing LLC now owns 4,323 shares of the business services provider's stock worth $401,000 after acquiring an additional 756 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Brink's by 13.6% in the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock worth $6,487,000 after acquiring an additional 8,352 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Price Performance

Brink's stock opened at $85.96 on Tuesday. The Brink's Company has a 52-week low of $80.21 and a 52-week high of $115.91. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 32.56 and a beta of 1.42. The company has a fifty day simple moving average of $87.90 and a 200-day simple moving average of $91.46. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The company's revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $0.255 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio is currently 27.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Brink's from a "strong-buy" rating to a "buy" rating in a 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.

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