Comerica Bank Sells 1,209 Shares of The Brink’s Company (NYSE:BCO)

Comerica Bank trimmed its stake in shares of The Brink’s Company (NYSE:BCO) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,563 shares of the business services provider’s stock after selling 1,209 shares during the quarter. Comerica Bank’s holdings in Brink’s were worth $2,372,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Brink’s by 12.0% in the fourth 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. American Century Companies Inc. boosted its holdings in Brink’s by 0.7% in the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock valued at $138,845,000 after purchasing an additional 9,777 shares during the period. Northern Trust Corp grew its position in shares of Brink’s by 14.0% during the 4th quarter. Northern Trust Corp now owns 613,301 shares of the business services provider’s stock valued at $56,896,000 after purchasing an additional 75,138 shares in the last quarter. Southernsun Asset Management LLC increased its holdings in shares of Brink’s by 15.4% in the fourth quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider’s stock worth $55,442,000 after purchasing an additional 79,701 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Brink’s by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider’s stock worth $50,267,000 after buying an additional 5,109 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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.

Brink’s Stock Performance

Brink’s stock opened at $93.33 on Friday. The firm has a fifty day simple moving average of $87.57 and a two-hundred day simple moving average of $92.28. 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 Brink’s Company has a twelve month low of $80.21 and a twelve month high of $115.91. The company has a market capitalization of $4.03 billion, a PE ratio of 35.35 and a beta of 1.42.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.26. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Research analysts expect 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 paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.09%. This is an increase from Brink’s’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, May 19th. Brink’s’s dividend payout ratio is 26.87%.

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.