The Brink's Company (NYSE:BCO) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in The Brink's Company (NYSE:BCO - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,745 shares of the business services provider's stock after purchasing an additional 16,449 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Brink's worth $9,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vident Advisory LLC increased its stake in Brink's by 6.7% in the fourth quarter. Vident Advisory LLC now owns 9,230 shares of the business services provider's stock worth $856,000 after purchasing an additional 576 shares during the period. ProShare Advisors LLC increased its stake in 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. purchased a new stake in Brink's in the fourth quarter worth $536,000. Occudo Quantitative Strategies LP purchased a new stake in Brink's in the fourth quarter worth $864,000. Finally, Millennium Management LLC grew its position in shares of Brink's by 537.4% during the 4th quarter. Millennium Management LLC now owns 23,795 shares of the business services provider's stock worth $2,207,000 after buying an additional 20,062 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Stock Up 0.5%

Shares of BCO traded up $0.43 during midday trading on Wednesday, reaching $83.39. 331,175 shares of the stock were exchanged, compared to its average volume of 303,382. The Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. 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 company's 50 day moving average is $87.15 and its two-hundred day moving average is $90.27. The company has a market capitalization of $3.50 billion, a P/E ratio of 31.59 and a beta of 1.42.

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 (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.43. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Brink's Company will post 6.49 earnings per share 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 issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, May 19th. This is an increase from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio (DPR) is currently 27.57%.

Analysts Set New Price Targets

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

Brink's Company 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.