The Brink’s Company (NYSE:BCO) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its position in The Brink’s Company (NYSE:BCO) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 277,851 shares of the business services provider’s stock after buying an additional 12,495 shares during the quarter. Deutsche Bank AG’s holdings in Brink’s were worth $25,776,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BCO. Mather Group LLC. lifted its holdings 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 valued at $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Brink’s in the fourth quarter valued at $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Brink’s in the fourth quarter worth $55,000. Aquatic Capital Management LLC purchased a new position in shares of Brink’s during the fourth quarter valued at $56,000. Finally, First Horizon Advisors Inc. raised 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 buying an additional 250 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th.

Brink’s Stock Down 2.8%

Brink’s stock opened at $87.39 on Thursday. The company has a market capitalization of $3.78 billion, a P/E ratio of 33.10 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 $87.85 and its 200-day simple moving average is $91.96. 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 Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.43. The company 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 quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. 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. Investors of record on Monday, May 19th will be issued a dividend of $0.255 per share. 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 1.17%. The ex-dividend date of this dividend is Monday, May 19th. Brink’s’s dividend payout ratio is currently 28.25%.

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.