Algert Global LLC Has $937,000 Holdings in The Brink’s Company (NYSE:BCO)

Algert Global LLC raised its holdings in shares of The Brink’s Company (NYSE:BCO) by 66.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,101 shares of the business services provider’s stock after acquiring an additional 4,035 shares during the quarter. Algert Global LLC’s holdings in Brink’s were worth $937,000 at the end of the most recent quarter.

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

Brink’s Stock Down 0.6 %

Brink’s stock opened at $92.66 on Friday. The company has a market capitalization of $4.00 billion, a P/E ratio of 35.10 and a beta of 1.42. The Brink’s Company has a 1-year low of $80.21 and a 1-year high of $115.91. The firm’s fifty day simple moving average is $87.69 and its 200-day simple moving average is $92.13. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates 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%. 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 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 $0.255 dividend. This represents a $1.02 dividend on an annualized basis 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 of this dividend is Monday, May 19th. Brink’s’s payout ratio is presently 28.25%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.