The Brink’s Company (NYSE:BCO) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of The Brink’s Company (NYSE:BCO) by 114.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,222 shares of the business services provider’s stock after purchasing an additional 79,529 shares during the period. Wellington Management Group LLP owned 0.35% of Brink’s worth $13,843,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Brink’s Stock Performance

NYSE BCO opened at $82.12 on Monday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink’s Company has a 1 year low of $80.21 and a 1 year high of $115.91. The company has a market capitalization of $3.45 billion, a PE ratio of 31.11 and a beta of 1.42. The company has a fifty day moving average of $87.43 and a two-hundred day moving average of $90.44.

Brink’s (NYSE:BCO) last announced its earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.43. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. As a group, analysts expect that The Brink’s Company will post 6.49 earnings per share 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 issued a $0.255 dividend. This is an increase from Brink’s’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, May 19th. Brink’s’s dividend payout ratio is presently 27.57%.

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.