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

Two Sigma Investments LP decreased its position in The Brink's Company (NYSE:BCO - Free Report) by 76.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BCO. ProShare Advisors LLC increased its holdings in shares of Brink's by 39.5% in the fourth quarter. ProShare Advisors LLC now owns 14,532 shares of the business services provider's stock worth $1,348,000 after purchasing an additional 4,115 shares during the period. Nomura Holdings Inc. bought a new position in shares of Brink's in the fourth quarter worth $536,000. Occudo Quantitative Strategies LP bought a new position in shares of Brink's in the fourth quarter worth $864,000. Millennium Management LLC increased its holdings in shares of Brink's by 537.4% in the fourth quarter. Millennium Management LLC now owns 23,795 shares of the business services provider's stock worth $2,207,000 after purchasing an additional 20,062 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Brink's by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,246 shares of the business services provider's stock worth $2,342,000 after purchasing an additional 665 shares during the period. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Trading Up 0.6%

Shares of Brink's stock traded up $0.52 during trading on Friday, reaching $83.90. 231,650 shares of the stock were exchanged, compared to its average volume of 305,013. 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 stock's fifty day moving average is $86.99 and its 200 day moving average is $90.13. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 31.78 and a beta of 1.43. The Brink's Company has a 1 year low of $80.10 and a 1 year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted its earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share 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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted $1.52 earnings per share. Brink's's revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts expect that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Increases Dividend

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

Analyst Ratings Changes

Separately, Wall Street Zen cut Brink's from a "strong-buy" rating to a "buy" rating in a research note 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.