BNP Paribas Financial Markets Has $922,000 Holdings in The Brink’s Company (NYSE:BCO)

BNP Paribas Financial Markets cut its position in The Brink’s Company (NYSE:BCO) by 59.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,937 shares of the business services provider’s stock after selling 14,299 shares during the quarter. BNP Paribas Financial Markets’ holdings in Brink’s were worth $922,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in shares of Brink’s by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock valued at $441,125,000 after acquiring an additional 510,389 shares during the period. Norges Bank acquired a new stake in Brink’s in the 4th quarter valued at about $46,603,000. Ariel Investments LLC grew its holdings in Brink’s by 12.3% during the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock worth $118,941,000 after purchasing an additional 140,895 shares during the period. Ameriprise Financial Inc. increased its position in Brink’s by 210.0% during the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider’s stock worth $18,429,000 after buying an additional 134,582 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Brink’s during the fourth quarter worth approximately $8,257,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Trading Down 2.7%

BCO stock opened at $84.15 on Thursday. The Brink’s Company has a one year low of $80.21 and a one year high of $115.91. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 31.87 and a beta of 1.42. The company has a fifty day moving average price of $87.92 and a two-hundred day moving average price of $91.37. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last announced its earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.19 by $0.43. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. Brink’s’s revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Brink’s’s previous quarterly dividend of $0.24. Brink’s’s payout ratio is currently 27.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.