Gotham Asset Management LLC Has $543,000 Stock Position in The Brink's Company (NYSE:BCO)

Gotham Asset Management LLC lowered its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 46.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of Brink's by 146.2% during the fourth 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 period. Sierra Ocean LLC acquired a new stake in shares of Brink's during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Brink's during the fourth quarter valued at approximately $55,000. Aquatic Capital Management LLC purchased a new position in Brink's during the fourth quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. grew its position in Brink's by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock valued at $80,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Analyst Ratings Changes

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

Brink's Stock Down 1.2%

BCO traded down $1.03 on Friday, reaching $82.36. 272,099 shares of the company traded hands, compared to its average volume of 300,604. The stock's 50 day moving average price is $87.78 and its 200-day moving average price is $90.94. The Brink's Company has a 52-week low of $80.21 and a 52-week high of $115.91. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 31.20 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

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 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm's revenue was up .9% on a year-over-year basis. On average, sell-side analysts expect that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The business also recently disclosed 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 an increase from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a yield of 1.24%. Brink's's payout ratio is presently 27.57%.

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.