Victory Capital Management Inc. Grows Position in The Brink’s Company (NYSE:BCO)

Victory Capital Management Inc. grew its stake in The Brink’s Company (NYSE:BCO) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 451,310 shares of the business services provider’s stock after purchasing an additional 403 shares during the period. Victory Capital Management Inc. owned about 1.03% of Brink’s worth $41,868,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC boosted its position in Brink’s by 13.6% in the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock worth $6,487,000 after purchasing an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Brink’s by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock worth $27,901,000 after purchasing an additional 23,781 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in 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 worth $491,000 after purchasing an additional 184 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Brink’s in the 3rd quarter worth approximately $1,497,000. Finally, Wellington Management Group LLP boosted its position in Brink’s by 203.5% in the 3rd quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock worth $8,059,000 after purchasing an additional 46,729 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Brink’s stock opened at $89.50 on Friday. The company’s fifty day moving average price is $92.33 and its 200 day moving average price is $99.28. The Brink’s Company has a 1 year low of $82.94 and a 1 year high of $115.91. The stock has a market capitalization of $3.86 billion, a P/E ratio of 33.90 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. As a group, equities research analysts anticipate 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 issued a $0.2425 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.08%. Brink’s’s payout ratio 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 report on Saturday.

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.