Boston Partners Sells 35,636 Shares of The Brink’s Company (NYSE:BCO)

Boston Partners lessened its holdings in The Brink’s Company (NYSE:BCO) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,126,578 shares of the business services provider’s stock after selling 35,636 shares during the quarter. Boston Partners owned approximately 2.53% of Brink’s worth $103,463,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Brink’s during the fourth quarter worth about $21,375,000. Fourth Sail Capital LP bought a new position in Brink’s during the 1st quarter worth approximately $11,501,000. Knights of Columbus Asset Advisors LLC grew its holdings in Brink’s by 318.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock valued at $10,199,000 after purchasing an additional 88,282 shares during the period. Lazard Asset Management LLC increased its stake in Brink’s by 375.2% in the first quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock valued at $9,207,000 after purchasing an additional 78,700 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after purchasing an additional 63,853 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Down 3.8 %

Shares of BCO traded down $4.06 on Friday, hitting $102.03. The company’s stock had a trading volume of 310,363 shares, compared to its average volume of 277,981. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 6.37. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 39.09 and a beta of 1.46. The firm’s fifty day moving average price is $103.56 and its 200-day moving average price is $92.61. The Brink’s Company has a fifty-two week low of $64.15 and a fifty-two week high of $113.63.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.29. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. On average, equities research analysts expect that The Brink’s Company will post 7.56 EPS for the current year.

Brink’s Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.95%. Brink’s’s dividend payout ratio (DPR) is 37.16%.

Wall Street Analysts Forecast Growth

Separately, William Blair initiated coverage on shares of Brink’s in a report on Tuesday, May 21st. They issued an “outperform” rating for the company. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $106.50.

Brink’s Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.