Jefferies Financial Group Inc. Purchases Shares of 4,636 The Brink’s Company (NYSE:BCO)

Jefferies Financial Group Inc. acquired a new stake in shares of The Brink’s Company (NYSE:BCO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 4,636 shares of the business services provider’s stock, valued at approximately $430,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. grew its holdings in 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 acquiring an additional 174 shares during the period. Sierra Ocean LLC acquired a new stake in Brink’s during the fourth quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in Brink’s during the fourth quarter worth about $55,000. Aquatic Capital Management LLC acquired a new stake in Brink’s during the fourth quarter worth about $56,000. Finally, First Horizon Advisors Inc. grew its holdings 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 worth $80,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Down 0.7%

Brink’s stock opened at $87.85 on Friday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 33.28 and a beta of 1.42. The Brink’s Company has a 52 week low of $80.21 and a 52 week high of $115.91. The business’s 50-day moving average price is $87.87 and its 200 day moving average price is $91.74. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.19 by $0.43. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company earned $1.52 earnings per share. Brink’s’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.255 dividend. This is a positive change from Brink’s’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, May 19th. Brink’s’s dividend payout ratio (DPR) is presently 27.57%.

Analysts Set New Price Targets

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

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.