Wealth Enhancement Advisory Services LLC Takes $220,000 Position in The Brink’s Company (NYSE:BCO)

Wealth Enhancement Advisory Services LLC bought a new position in shares of The Brink’s Company (NYSE:BCO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,371 shares of the business services provider’s stock, valued at approximately $220,000.

Several other hedge funds have also made changes to their positions in BCO. FMR LLC boosted its stake in shares of Brink’s by 12.0% during the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock worth $441,125,000 after buying an additional 510,389 shares during the period. Norges Bank acquired a new stake in shares of Brink’s during the fourth quarter worth about $46,603,000. Ariel Investments LLC boosted its stake in shares of 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 buying an additional 140,895 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of 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 period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Brink’s by 24.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider’s stock worth $44,633,000 after buying an additional 95,318 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of NYSE:BCO opened at $85.77 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market cap of $3.60 billion, a P/E ratio of 32.49 and a beta of 1.43. The Brink’s Company has a 52 week low of $80.10 and a 52 week high of $115.91. The company has a 50-day moving average price of $86.95 and a 200 day moving average price of $89.61.

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

Brink’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.19%. This is an increase from Brink’s’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, May 19th. Brink’s’s dividend payout ratio (DPR) is presently 27.57%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th.

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.