Occudo Quantitative Strategies LP Invests $864,000 in The Brink's Company (NYSE:BCO)

Occudo Quantitative Strategies LP bought a new position in shares of The Brink's Company (NYSE:BCO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,312 shares of the business services provider's stock, valued at approximately $864,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BCO. FMR LLC grew its stake in shares of Brink's by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock valued at $441,125,000 after purchasing an additional 510,389 shares during the last quarter. Norges Bank acquired a new stake in shares of Brink's during the fourth quarter worth $46,603,000. Ariel Investments LLC grew its position in 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 last quarter. Ameriprise Financial Inc. increased its stake in shares of Brink's by 210.0% during the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock worth $18,429,000 after acquiring an additional 134,582 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Brink's by 24.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock worth $44,633,000 after purchasing an additional 95,318 shares during the period. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analyst Ratings Changes

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

Brink's Price Performance

Shares of NYSE:BCO traded down $1.16 during trading on Monday, hitting $86.46. 47,534 shares of the stock were exchanged, compared to its average volume of 298,876. The company has a fifty day moving average price of $87.87 and a two-hundred day moving average price of $91.58. The company has a market cap of $3.63 billion, a PE ratio of 32.74 and a beta of 1.42. The Brink's Company has a 12-month low of $80.21 and a 12-month 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.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.43. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The firm's revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 EPS. On average, analysts forecast that The Brink's Company will post 6.49 EPS 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 issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.18%. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date is Monday, May 19th. Brink's's payout ratio is presently 27.57%.

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.