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

Lazard Asset Management LLC cut its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 89.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in Brink's by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after acquiring an additional 174 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Brink's in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Brink's in the 4th quarter valued at about $55,000. Aquatic Capital Management LLC acquired a new stake in shares of Brink's in the 4th quarter valued at about $56,000. Finally, First Horizon Advisors Inc. raised 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 purchasing an additional 250 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Brink's Stock Down 0.8%

Shares of NYSE BCO traded down $0.72 during mid-day trading on Wednesday, hitting $83.68. The company had a trading volume of 12,933 shares, compared to its average volume of 299,914. The company has a market capitalization of $3.51 billion, a PE ratio of 31.70 and a beta of 1.42. The firm has a 50-day simple moving average of $87.64 and a two-hundred day simple moving average of $90.77. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The Brink's Company has a one year low of $80.21 and a one year high of $115.91.

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

Brink's Increases Dividend

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

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.