JPMorgan Chase & Co. Acquires 57,109 Shares of The Brink’s Company (NYSE:BCO)

JPMorgan Chase & Co. boosted its holdings in The Brink’s Company (NYSE:BCO) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 298,386 shares of the business services provider’s stock after buying an additional 57,109 shares during the period. JPMorgan Chase & Co. owned approximately 0.68% of Brink’s worth $27,681,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mather Group LLC. raised its stake in Brink’s by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Brink’s during the 4th quarter worth about $36,000. Golden State Wealth Management LLC acquired a new position in shares of Brink’s during the fourth quarter valued at about $55,000. First Horizon Advisors Inc. lifted its stake in shares of Brink’s by 41.0% in the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock valued at $80,000 after buying an additional 250 shares during the period. Finally, KBC Group NV grew its position 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 in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brink’s Trading Down 0.2 %

Shares of BCO stock opened at $82.96 on Wednesday. The Brink’s Company has a 52-week low of $80.58 and a 52-week high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 31.42 and a beta of 1.27. The firm has a fifty day moving average of $89.40 and a 200-day moving average of $95.67.

Brink’s (NYSE:BCO) last announced 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. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. On average, equities research analysts forecast that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were given a $0.2425 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.17%. Brink’s’s payout ratio is 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.