Aristides Capital LLC Purchases New Position in The Brink’s Company (NYSE:BCO)

Aristides Capital LLC acquired a new position in shares of The Brink’s Company (NYSE:BCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,436 shares of the business services provider’s stock, valued at approximately $319,000.

Several other institutional investors have also modified their holdings of the stock. Captrust Financial Advisors lifted its position in Brink’s by 32.6% in the third quarter. Captrust Financial Advisors now owns 6,276 shares of the business services provider’s stock worth $726,000 after buying an additional 1,543 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Brink’s in the 3rd quarter worth about $205,000. Stifel Financial Corp purchased a new position in shares of Brink’s during the 3rd quarter worth about $575,000. State Street Corp grew its holdings in 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 purchasing an additional 82,999 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Brink’s by 203.5% in the 3rd quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock worth $8,059,000 after purchasing an additional 46,729 shares during the period. 94.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th.

Brink’s Stock Down 1.9 %

Shares of BCO opened at $84.53 on Monday. The firm has a fifty day moving average price of $90.07 and a 200-day moving average price of $96.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $3.65 billion, a P/E ratio of 32.02 and a beta of 1.27. The Brink’s Company has a 12-month low of $82.28 and a 12-month high of $115.91.

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

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2425 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.15%. Brink’s’s dividend payout ratio is currently 26.87%.

Brink’s Company 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.