Two Sigma Investments LP Sells 42,146 Shares of The Brink's Company (NYSE:BCO)

Two Sigma Investments LP decreased its stake in The Brink's Company (NYSE:BCO - Free Report) by 76.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,648 shares of the business services provider's stock after selling 42,146 shares during the period. Two Sigma Investments LP's holdings in Brink's were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BCO. Mather Group LLC. raised its stake 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 worth $27,000 after acquiring an additional 174 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Brink's during the 4th quarter valued at $36,000. Golden State Wealth Management LLC purchased a new position in Brink's in the 4th quarter worth $55,000. Aquatic Capital Management LLC purchased a new position in Brink's in the 4th quarter worth $56,000. Finally, First Horizon Advisors Inc. lifted its stake in Brink's by 41.0% in the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock worth $80,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analyst Ratings Changes

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

Brink's Trading Up 0.6%

Shares of Brink's stock traded up $0.52 on Friday, hitting $83.90. The stock had a trading volume of 231,650 shares, compared to its average volume of 304,105. 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 Brink's Company has a one year low of $80.10 and a one year high of $115.91. The stock's 50-day simple moving average is $87.09 and its two-hundred day simple moving average is $90.22. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 31.78 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.43. The firm 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%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 earnings per share. As a group, sell-side analysts predict that The Brink's Company will post 6.49 EPS for the current year.

Brink's Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a dividend of $0.255 per share. This is a positive change from Brink's's previous quarterly dividend of $0.24. The ex-dividend date was Monday, May 19th. This represents a $1.02 dividend on an annualized basis and a yield of 1.22%. Brink's's dividend 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.