Northern Trust Corp Increases Position in The Brink's Company (NYSE:BCO)

Northern Trust Corp raised its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 613,301 shares of the business services provider's stock after purchasing 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 quarter.

Other large investors have also bought and sold shares of the company. Mather Group LLC. increased its holdings in Brink's by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after buying an additional 174 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Brink's during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in shares of Brink's in the fourth quarter worth approximately $55,000. Aquatic Capital Management LLC purchased a new position in shares of Brink's during the fourth quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. lifted its position in Brink's by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock valued at $80,000 after purchasing an additional 250 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink's Stock Performance

BCO stock traded down $0.53 during trading on Friday, reaching $92.66. The stock had a trading volume of 270,210 shares, compared to its average volume of 293,510. The firm has a market cap of $4.00 billion, a PE ratio of 35.10 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 stock's 50 day moving average is $87.69 and its two-hundred day moving average is $92.13. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.26. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. As a group, equities analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current year.

Brink's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 19th. This is an increase from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 1.10%. Brink's's payout ratio is 28.25%.

Wall Street Analyst Weigh In

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.

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.