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

Howe & Rusling Inc. lifted its position in shares of The Brink’s Company (NYSE:BCO) by 14.1% in 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 buying 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 have also modified their holdings of the company. Sound Income Strategies LLC grew its stake in Brink’s by 13.6% in the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock worth $6,487,000 after acquiring an additional 8,352 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 23,781 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Brink’s by 3.6% in 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 purchasing an additional 184 shares during the period. Wellington Management Group LLP increased its stake in Brink’s by 203.5% in the third quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock valued at $8,059,000 after purchasing an additional 46,729 shares during the last quarter. Finally, Profit Investment Management LLC lifted its position in Brink’s by 13.9% during the fourth quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider’s stock worth $2,287,000 after buying an additional 3,005 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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.

Brink’s Stock Up 1.1 %

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

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Analysts forecast that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is presently 26.87%.

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.