Vest Financial LLC Buys New Stake in The Brink's Company (NYSE:BCO)

Vest Financial LLC bought a new stake in The Brink's Company (NYSE:BCO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,836 shares of the business services provider's stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Brink's by 12.0% during the 4th 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 in the last quarter. American Century Companies Inc. boosted its stake in Brink's by 0.7% during the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock valued at $138,845,000 after purchasing an additional 9,777 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of Brink's by 12.3% during the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after acquiring an additional 140,895 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Brink's by 14.0% during the 4th quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock worth $56,896,000 after acquiring an additional 75,138 shares in the last quarter. Finally, Southernsun Asset Management LLC boosted its stake in shares of Brink's by 15.4% during the 4th quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock worth $55,442,000 after acquiring an additional 79,701 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Brink's Price Performance

BCO opened at $83.90 on Monday. The stock 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. 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 stock has a fifty day moving average price of $86.99 and a 200 day moving average price of $90.13.

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, 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 period last year, the company earned $1.52 earnings per share. The business's revenue was up .9% compared to the same quarter last year. Analysts forecast that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a yield of 1.22%. Brink's's dividend payout ratio (DPR) is 27.57%.

Analysts Set New Price Targets

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.