Boston Partners Has $103.46 Million Stake in The Brink’s Company (NYSE:BCO)

Boston Partners cut its position in shares of The Brink’s Company (NYSE:BCO) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,126,578 shares of the business services provider’s stock after selling 35,636 shares during the quarter. Boston Partners’ holdings in Brink’s were worth $103,463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates lifted its stake in Brink’s by 0.7% in the fourth quarter. Raymond James & Associates now owns 47,783 shares of the business services provider’s stock valued at $4,203,000 after buying an additional 340 shares during the period. Blue Trust Inc. boosted its stake in Brink’s by 60.3% during the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock worth $33,000 after acquiring an additional 141 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Brink’s by 4.9% in the fourth quarter. New York State Teachers Retirement System now owns 71,543 shares of the business services provider’s stock worth $6,292,000 after purchasing an additional 3,327 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Brink’s by 4.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,420 shares of the business services provider’s stock valued at $1,884,000 after purchasing an additional 864 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Brink’s by 2,362.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 35,902 shares of the business services provider’s stock valued at $3,158,000 after purchasing an additional 34,444 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Down 3.8 %

NYSE BCO traded down $4.06 during mid-day trading on Friday, hitting $102.03. The company’s stock had a trading volume of 310,363 shares, compared to its average volume of 277,981. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 39.09 and a beta of 1.46. The company’s 50 day simple moving average is $103.56 and its 200 day simple moving average is $92.61. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37. The Brink’s Company has a twelve month low of $64.15 and a twelve month high of $113.63.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. Analysts anticipate that The Brink’s Company will post 7.56 earnings per share for the current year.

Brink’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Monday, July 29th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on Brink’s in a research report on Tuesday, May 21st. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $106.50.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.