Lazard Asset Management LLC Sells 29,435 Shares of The Brink's Company (NYSE:BCO)

Lazard Asset Management LLC lessened its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 89.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,339 shares of the business services provider's stock after selling 29,435 shares during the period. Lazard Asset Management LLC's holdings in Brink's were worth $308,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC grew 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 valued at $441,125,000 after purchasing an additional 510,389 shares during the period. Norges Bank purchased a new stake in shares of Brink's during the 4th quarter valued at approximately $46,603,000. Ariel Investments LLC grew its stake in Brink's by 12.3% in the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after buying an additional 140,895 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Brink's by 210.0% during the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock valued at $18,429,000 after acquiring an additional 134,582 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in shares of 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 in the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Price Performance

NYSE:BCO traded up $2.15 during trading hours on Tuesday, hitting $84.52. 120,081 shares of the company's stock traded hands, compared to its average volume of 311,646. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The business's fifty day simple moving average is $87.68 and its two-hundred day simple moving average is $90.81. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market cap of $3.55 billion, a P/E ratio of 32.01 and a beta of 1.42.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the business earned $1.52 earnings per share. Brink's's revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.255 dividend. This is a boost from Brink's's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.21%. Brink's's dividend payout ratio is 27.57%.

Wall Street Analyst Weigh In

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

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.