Northern Trust Corp Purchases 75,138 Shares of The Brink's Company (NYSE:BCO)

Northern Trust Corp boosted its position in The Brink's Company (NYSE:BCO - Free Report) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 613,301 shares of the business services provider's stock after acquiring an additional 75,138 shares during the quarter. Northern Trust Corp owned 1.41% of Brink's worth $56,896,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. boosted its position in Brink's by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after buying an additional 174 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Brink's in the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Brink's in the fourth quarter valued at approximately $55,000. Aquatic Capital Management LLC acquired a new stake in Brink's in the fourth quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. boosted its position in Brink's by 41.0% in the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock valued at $80,000 after buying an additional 250 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Brink's Trading Down 4.3%

Shares of NYSE:BCO traded down $4.05 during mid-day trading on Tuesday, reaching $90.35. 341,373 shares of the company's stock were exchanged, compared to its average volume of 294,603. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 34.22 and a beta of 1.42. The business's fifty day moving average price is $87.83 and its 200-day moving average price is $92.01. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink's Company has a twelve month low of $80.21 and a twelve month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, research 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 issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, May 19th. This is a positive change from Brink's's previous quarterly dividend of $0.24. Brink's's payout ratio is 28.25%.

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.