Silvercrest Asset Management Group LLC Sells 50,185 Shares of The Brink's Company (NYSE:BCO)

Silvercrest Asset Management Group LLC reduced its position in The Brink's Company (NYSE:BCO - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,001,882 shares of the business services provider's stock after selling 50,185 shares during the period. Silvercrest Asset Management Group LLC owned 2.30% of Brink's worth $92,945,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

Brink's Stock Up 1.5%

Shares of NYSE BCO opened at $88.46 on Friday. The firm's fifty day moving average is $87.87 and its 200 day moving average is $91.85. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 33.51 and a beta of 1.42.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share (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 company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 earnings per share. On average, equities research analysts expect that The Brink's Company will post 6.49 earnings per share for the current year.

Brink's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 1.15%. Brink's's dividend payout ratio (DPR) is 27.57%.

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.

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