The Brink’s Company (NYSE:BCO) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its position in shares of The Brink’s Company (NYSE:BCO) by 97.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 450 shares of the business services provider’s stock after selling 20,643 shares during the quarter. AlphaQuest LLC’s holdings in Brink’s were worth $42,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Brink’s during the 4th quarter worth about $8,257,000. Assetmark Inc. lifted its holdings in shares of Brink’s by 3.3% in the 4th quarter. Assetmark Inc. now owns 8,072 shares of the business services provider’s stock valued at $749,000 after buying an additional 259 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brink’s by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider’s stock valued at $50,267,000 after buying an additional 5,109 shares during the period. Schechter Investment Advisors LLC lifted its holdings in shares of Brink’s by 1.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 20,215 shares of the business services provider’s stock valued at $1,875,000 after buying an additional 329 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Brink’s by 3.6% in 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 buying an additional 184 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of Brink’s stock opened at $85.80 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The Brink’s Company has a twelve month low of $83.38 and a twelve month high of $115.91. The business has a 50-day moving average price of $91.19 and a 200 day moving average price of $97.93. The firm has a market cap of $3.70 billion, a PE ratio of 32.50 and a beta of 1.42.

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, beating the consensus estimate of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Sell-side analysts predict that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2425 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.13%. Brink’s’s dividend payout ratio (DPR) is currently 26.87%.

Analyst Ratings Changes

Separately, StockNews.com lowered Brink’s from a “strong-buy” rating to a “buy” rating in a research note 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.