Focus Partners Wealth Purchases Shares of 33,353 The Brink's Company (NYSE:BCO)

Focus Partners Wealth purchased a new stake in The Brink's Company (NYSE:BCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,353 shares of the business services provider's stock, valued at approximately $3,094,000. Focus Partners Wealth owned 0.08% of Brink's as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its holdings in Brink's by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider's stock worth $3,632,000 after buying an additional 142 shares in the last quarter. Mather Group LLC. grew its stake in Brink's by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after purchasing an additional 174 shares during the period. Y Intercept Hong Kong Ltd grew its stake in Brink's by 3.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock valued at $491,000 after purchasing an additional 184 shares during the period. Investment House LLC grew its stake in Brink's by 7.0% in the 4th quarter. Investment House LLC now owns 2,920 shares of the business services provider's stock valued at $271,000 after purchasing an additional 190 shares during the period. Finally, Xponance Inc. lifted its position in shares of Brink's by 3.7% during the 4th quarter. Xponance Inc. now owns 6,244 shares of the business services provider's stock valued at $579,000 after buying an additional 223 shares during the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

Shares of NYSE BCO opened at $88.46 on Friday. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 33.51 and a beta of 1.42. 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 Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91. The stock's 50-day moving average is $87.87 and its 200 day moving average is $91.85.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.21 billion. During the same period last year, the firm posted $1.52 EPS. Brink's's revenue for the quarter 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 EPS for the current fiscal year.

Brink's Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.02 annualized dividend and a dividend yield of 1.15%. This is a boost from Brink's's previous quarterly dividend of $0.24. Brink's's payout ratio is currently 28.25%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of 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.

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