The Brink’s Company (NYSE:BCO) Shares Acquired by Algert Global LLC

Algert Global LLC increased its holdings in The Brink’s Company (NYSE:BCO) by 66.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,101 shares of the business services provider’s stock after buying an additional 4,035 shares during the period. Algert Global LLC’s holdings in Brink’s were worth $937,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BCO. Mather Group LLC. increased its holdings in shares of Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after acquiring an additional 174 shares during the period. Sierra Ocean LLC acquired a new position in shares of Brink’s during the fourth quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Brink’s in the 4th quarter valued at approximately $55,000. Aquatic Capital Management LLC acquired a new stake in Brink’s in the 4th quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. raised its stake in Brink’s by 41.0% during the 4th quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

NYSE BCO opened at $92.66 on Friday. The Brink’s Company has a 12 month low of $80.21 and a 12 month high of $115.91. The firm has a market capitalization of $4.00 billion, a PE ratio of 35.10 and a beta of 1.42. The company’s 50 day simple moving average is $87.69 and its 200 day simple moving average is $92.13. 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 issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. As a group, equities research analysts forecast that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.10%. This is a boost from Brink’s’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, May 19th. Brink’s’s dividend payout ratio (DPR) is presently 28.25%.

Analysts Set New Price Targets

Separately, StockNews.com cut 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.