Amundi Sells 863 Shares of The Brink’s Company (NYSE:BCO)

Amundi reduced its position in shares of The Brink’s Company (NYSE:BCO) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,372 shares of the business services provider’s stock after selling 863 shares during the quarter. Amundi owned about 0.18% of Brink’s worth $7,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. grew its holdings in Brink’s by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after acquiring an additional 174 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Brink’s during the fourth quarter worth $36,000. Golden State Wealth Management LLC bought a new stake in Brink’s in the fourth quarter valued at about $55,000. First Horizon Advisors Inc. lifted its stake in Brink’s by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after buying an additional 407 shares during the period. Finally, KBC Group NV boosted its holdings in Brink’s by 61.6% during the fourth quarter. KBC Group NV now owns 1,721 shares of the business services provider’s stock worth $160,000 after buying an additional 656 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

BCO opened at $85.86 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 32.52 and a beta of 1.42. The Brink’s Company has a 12 month low of $83.38 and a 12 month 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 fifty day simple moving average of $91.66 and a 200 day simple moving average of $98.50.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, research analysts expect that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Monday, February 3rd. Brink’s’s payout ratio is currently 26.87%.

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 report 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.