Brink’s Company (The) (NYSE:BCO) Stake Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Brink’s Company (The) (NYSE:BCO) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,995 shares of the business services provider’s stock after selling 460 shares during the period. Yousif Capital Management LLC’s holdings in Brink’s were worth $1,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BCO. FMR LLC increased 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 worth $441,125,000 after purchasing an additional 510,389 shares during the last quarter. Norges Bank bought a new stake in shares of Brink’s during the 4th quarter valued at about $46,603,000. Ariel Investments LLC grew its position in shares of Brink’s by 12.3% during the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock valued at $118,941,000 after buying an additional 140,895 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Brink’s by 210.0% during the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider’s stock valued at $18,429,000 after buying an additional 134,582 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Brink’s by 24.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider’s stock valued at $44,633,000 after buying an additional 95,318 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Ratings Changes

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

Brink’s Stock Performance

Shares of BCO stock opened at $85.87 on Wednesday. Brink’s Company has a 12-month low of $80.10 and a 12-month high of $115.91. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 23.21 and a beta of 1.43. The business has a 50 day simple moving average of $86.91 and a 200 day simple moving average of $89.58. The company has a debt-to-equity ratio of 10.93, a current ratio of 1.52 and a quick ratio of 1.52.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.43. Brink’s had a return on equity of 82.89% and a net margin of 3.29%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Increases Dividend

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

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.