Freestone Grove Partners LP Invests $367,000 in The Brink's Company (NYSE:BCO)

Freestone Grove Partners LP purchased a new position in shares of The Brink's Company (NYSE:BCO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,960 shares of the business services provider's stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp increased its position in 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 purchasing an additional 75,138 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Brink's in the 4th quarter worth $56,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Brink's by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 517,715 shares of the business services provider's stock valued at $48,029,000 after buying an additional 29,006 shares during the last quarter. Southernsun Asset Management LLC increased its holdings in 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 purchasing an additional 79,701 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Brink's by 119.0% during the fourth quarter. Hsbc Holdings PLC now owns 13,156 shares of the business services provider's stock worth $1,220,000 after buying an additional 7,149 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Price Performance

NYSE BCO traded down $0.53 during trading hours on Friday, reaching $92.66. 270,210 shares of the stock traded hands, compared to its average volume of 293,510. The stock has a 50 day simple moving average of $87.69 and a two-hundred day simple moving average of $92.13. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 35.10 and a beta of 1.42. The Brink's Company has a 1 year low of $80.21 and a 1 year high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.25 billion. On average, analysts predict 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 given a dividend of $0.255 per share. The ex-dividend date is Monday, May 19th. This represents a $1.02 annualized dividend and a dividend yield of 1.10%. This is a positive change from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio is presently 26.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Brink's from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th.

About Brink's

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.