Vest Financial LLC Takes Position in The Brink's Company (NYSE:BCO)

Vest Financial LLC purchased a new stake in The Brink's Company (NYSE:BCO - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 8,836 shares of the business services provider's stock, valued at approximately $761,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Brink's by 12.0% in the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after purchasing an additional 510,389 shares during the period. American Century Companies Inc. lifted its position in shares of Brink's by 0.7% in the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after buying an additional 9,777 shares during the last quarter. Ariel Investments LLC boosted its holdings in shares of Brink's by 12.3% in the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after buying an additional 140,895 shares during the period. Northern Trust Corp grew its position 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 valued at $56,896,000 after buying an additional 75,138 shares during the last quarter. Finally, Southernsun Asset Management LLC raised its stake in Brink's by 15.4% during the fourth 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 during the period. 94.96% of the stock is currently owned by institutional investors.

Brink's Stock Performance

BCO traded down $0.18 during trading on Thursday, reaching $84.43. 289,436 shares of the company were exchanged, compared to its average volume of 305,423. 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 firm has a 50 day moving average of $86.85 and a 200 day moving average of $89.97. The stock has a market cap of $3.55 billion, a P/E ratio of 31.98 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly 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 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 the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company's revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts forecast that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Monday, May 19th. This is a boost from Brink's's previous quarterly dividend of $0.24. Brink's's payout ratio is 27.57%.

Analyst Ratings Changes

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 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.