Balyasny Asset Management L.P. Boosts Holdings in The Brink's Company (NYSE:BCO)

Balyasny Asset Management L.P. boosted its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 481,115 shares of the business services provider's stock after acquiring an additional 95,318 shares during the quarter. Balyasny Asset Management L.P. owned approximately 1.10% of Brink's worth $44,633,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BCO. Barclays PLC lifted its stake in Brink's by 204.3% during the third quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock worth $9,469,000 after purchasing an additional 54,975 shares during the period. Franklin Resources Inc. raised its holdings in Brink's by 19.9% during the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider's stock worth $32,862,000 after purchasing an additional 48,482 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Brink's by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock valued at $27,901,000 after buying an additional 23,781 shares during the period. Oliver Luxxe Assets LLC grew its position in shares of Brink's by 6.6% during the 4th quarter. Oliver Luxxe Assets LLC now owns 31,421 shares of the business services provider's stock worth $2,915,000 after buying an additional 1,936 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Brink's by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider's stock valued at $2,001,000 after purchasing an additional 207 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Brink's Stock Performance

Shares of Brink's stock traded down $0.53 during trading on Friday, reaching $92.66. The company's stock had a trading volume of 270,210 shares, compared to its average volume of 293,510. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. 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 quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The business's 50-day moving average price is $87.69 and its 200-day moving average price is $92.13.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Equities analysts forecast 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. Stockholders of record on Monday, May 19th will be given a dividend of $0.255 per share. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.02 annualized dividend and a dividend yield of 1.10%. Brink's's dividend payout ratio (DPR) is 28.25%.

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.