Boston Partners Lowers Holdings in The Brink’s Company (NYSE:BCO)

Boston Partners reduced its position in The Brink’s Company (NYSE:BCO) by 44.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,945 shares of the business services provider’s stock after selling 424,842 shares during the period. Boston Partners owned approximately 1.24% of Brink’s worth $50,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC lifted its position in Brink’s by 122.8% during the 4th quarter. Intech Investment Management LLC now owns 29,222 shares of the business services provider’s stock worth $2,711,000 after acquiring an additional 16,107 shares in the last quarter. Cibc World Markets Corp acquired a new position in Brink’s during the 4th quarter worth approximately $385,000. Raymond James Financial Inc. acquired a new position in Brink’s during the 4th quarter worth approximately $8,257,000. Assetmark Inc. lifted its position in Brink’s by 3.3% during the 4th quarter. Assetmark Inc. now owns 8,072 shares of the business services provider’s stock worth $749,000 after acquiring an additional 259 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Brink’s by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider’s stock worth $50,267,000 after acquiring an additional 5,109 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brink’s Price Performance

Shares of NYSE BCO opened at $87.38 on Thursday. The Brink’s Company has a twelve month low of $83.38 and a twelve month high of $115.91. 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 company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 33.10 and a beta of 1.42. The business has a 50 day simple moving average of $91.32 and a 200-day simple moving average of $98.02.

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

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were given a dividend of $0.2425 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.11%. 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.