Thoroughbred Financial Services LLC Acquires 475 Shares of The Brink’s Company (NYSE:BCO)

Thoroughbred Financial Services LLC lifted its holdings in The Brink’s Company (NYSE:BCO) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,470 shares of the business services provider’s stock after purchasing an additional 475 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Brink’s were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in Brink’s by 32.6% during the third quarter. Captrust Financial Advisors now owns 6,276 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 1,543 shares during the period. HighTower Advisors LLC purchased a new stake in Brink’s during the 3rd quarter valued at $205,000. Stifel Financial Corp bought a new position in shares of Brink’s during the 3rd quarter valued at $575,000. State Street Corp boosted its stake in shares of Brink’s by 5.1% in the 3rd quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock worth $198,758,000 after buying an additional 82,999 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Brink’s by 203.5% in the third quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock worth $8,059,000 after acquiring an additional 46,729 shares during the period. 94.96% of the stock is owned by institutional investors.

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

Shares of NYSE BCO opened at $84.53 on Monday. The Brink’s Company has a 12-month low of $82.28 and a 12-month high of $115.91. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 32.02 and a beta of 1.27. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a 50 day moving average of $90.07 and a 200 day moving average of $96.18.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, research analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given a dividend of $0.2425 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.15%. Brink’s’s payout ratio is currently 26.87%.

Brink’s 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.