Deutsche Bank AG Raises Holdings in The Brink’s Company (NYSE:BCO)

Deutsche Bank AG raised its position in shares of The Brink’s Company (NYSE:BCO) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,851 shares of the business services provider’s stock after acquiring an additional 12,495 shares during the period. Deutsche Bank AG owned approximately 0.64% of Brink’s worth $25,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BCO. Mather Group LLC. lifted its holdings in 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 buying an additional 174 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Brink’s in the fourth quarter worth about $36,000. Golden State Wealth Management LLC acquired a new position in shares of Brink’s in the fourth quarter worth about $55,000. Aquatic Capital Management LLC purchased a new position in Brink’s in the fourth quarter valued at about $56,000. Finally, First Horizon Advisors Inc. grew 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 purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Down 2.8%

Shares of Brink’s stock opened at $87.39 on Thursday. 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 business has a 50-day moving average price of $87.85 and a 200 day moving average price of $91.96. The Brink’s Company has a fifty-two week low of $80.21 and a fifty-two week high of $115.91. The firm has a market cap of $3.78 billion, a P/E ratio of 33.10 and a beta of 1.42.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.43. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, sell-side analysts forecast that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Increases Dividend

The firm also recently declared 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 1.17%. The ex-dividend date is Monday, May 19th. This is a boost from Brink’s’s previous quarterly dividend of $0.24. Brink’s’s payout ratio is 28.25%.

Analyst Ratings Changes

Separately, StockNews.com cut 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.