The Brink’s Company (NYSE:BCO) Shares Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. grew its stake in shares of The Brink’s Company (NYSE:BCO) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,705 shares of the business services provider’s stock after purchasing an additional 707 shares during the quarter. Howe & Rusling Inc.’s holdings in Brink’s were worth $529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Brink’s by 5.1% during the 3rd quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock valued at $198,758,000 after buying an additional 82,999 shares during the period. American Century Companies Inc. grew its position in Brink’s by 0.7% in the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock valued at $138,845,000 after acquiring an additional 9,777 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Brink’s by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock valued at $121,022,000 after purchasing an additional 8,841 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Brink’s by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider’s stock worth $50,267,000 after purchasing an additional 5,109 shares in the last quarter. Finally, Southernsun Asset Management LLC boosted its stake in shares of Brink’s by 11.0% in the third quarter. Southernsun Asset Management LLC now owns 517,932 shares of the business services provider’s stock valued at $59,894,000 after purchasing an additional 51,128 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of NYSE BCO opened at $88.10 on Friday. 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 Brink’s Company has a fifty-two week low of $82.78 and a fifty-two week high of $115.91. The business has a 50 day moving average price of $90.76 and a two-hundred day moving average price of $97.22. The firm has a market cap of $3.81 billion, a PE ratio of 33.37 and a beta of 1.42.

Brink’s (NYSE:BCO) last released its quarterly earnings results 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. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Sell-side analysts expect that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s payout ratio is currently 26.87%.

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 note on Saturday, March 8th.

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.