California State Teachers Retirement System Reduces Stock Holdings in The Brink’s Company (NYSE:BCO)

California State Teachers Retirement System decreased its position in The Brink’s Company (NYSE:BCO) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,287 shares of the business services provider’s stock after selling 804 shares during the period. California State Teachers Retirement System owned about 0.10% of Brink’s worth $3,830,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nomura Holdings Inc. purchased a new position in Brink’s in the fourth quarter valued at approximately $536,000. JPMorgan Chase & Co. raised its holdings in Brink’s by 23.7% during the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider’s stock valued at $27,681,000 after acquiring an additional 57,109 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Brink’s by 3.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 184 shares during the period. Choreo LLC bought a new stake in Brink’s during the 4th quarter valued at $463,000. Finally, Rhumbline Advisers raised its holdings in Brink’s by 3.3% during the 4th quarter. Rhumbline Advisers now owns 157,058 shares of the business services provider’s stock valued at $14,570,000 after acquiring an additional 5,014 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brink’s Trading Up 1.1%

Shares of BCO stock opened at $83.01 on Wednesday. The company’s fifty day simple moving average is $87.22 and its two-hundred day simple moving average is $90.32. 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 $80.10 and a 1 year high of $115.91. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 31.44 and a beta of 1.42.

Brink’s (NYSE:BCO) last issued 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. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.255 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.02 annualized dividend and a dividend yield of 1.23%. This is a boost from Brink’s’s previous quarterly dividend of $0.24. Brink’s’s dividend payout ratio is presently 27.57%.

About Brink’s

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.