Algert Global LLC Boosts Holdings in The Brink's Company (NYSE:BCO)

Algert Global LLC increased its stake in The Brink's Company (NYSE:BCO - Free Report) by 66.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,101 shares of the business services provider's stock after buying an additional 4,035 shares during the quarter. Algert Global LLC's holdings in Brink's were worth $937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCO. FMR LLC lifted its holdings in Brink's by 12.0% during the fourth 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 bought a new stake in shares of Brink's during the fourth quarter valued at about $46,603,000. Ariel Investments LLC increased its position in shares of Brink's by 12.3% during the fourth 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 period. Raymond James Financial Inc. bought a new stake in shares of Brink's during the fourth quarter valued at about $8,257,000. Finally, Invesco Ltd. increased its position in shares of Brink's by 32.1% during the fourth quarter. Invesco Ltd. now owns 339,596 shares of the business services provider's stock valued at $31,504,000 after buying an additional 82,451 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Brink's Stock Performance

NYSE:BCO traded up $0.36 during mid-day trading on Friday, reaching $88.85. The company's stock had a trading volume of 62,065 shares, compared to its average volume of 298,115. The firm's fifty day moving average price is $87.87 and its two-hundred day moving average price is $91.85. The stock has a market cap of $3.73 billion, a P/E ratio of 33.64 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 announced 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm's revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. On average, equities analysts forecast that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid 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 dividend on an annualized basis and a dividend yield of 1.15%. Brink's's payout ratio is 27.57%.

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.