AlphaQuest LLC Trims Stake in The Brink’s Company (NYSE:BCO)

AlphaQuest LLC reduced its position in shares of The Brink’s Company (NYSE:BCO) by 97.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. increased its holdings in shares of Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 174 shares during the period. Y Intercept Hong Kong Ltd increased 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 acquiring an additional 184 shares during the period. Hancock Whitney Corp increased its holdings in shares of Brink’s by 1.4% in the 3rd quarter. Hancock Whitney Corp now owns 14,279 shares of the business services provider’s stock valued at $1,651,000 after acquiring an additional 192 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Brink’s by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider’s stock valued at $2,001,000 after acquiring an additional 207 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in shares of Brink’s by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 30,653 shares of the business services provider’s stock valued at $2,844,000 after acquiring an additional 232 shares during the period. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Stock Down 1.7 %

Shares of BCO stock opened at $85.80 on Friday. The Brink’s Company has a 1-year low of $83.38 and a 1-year high of $115.91. The stock’s fifty day moving average price is $91.19 and its 200 day moving average price is $97.93. 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 company has a market cap of $3.70 billion, a price-to-earnings ratio of 32.50 and a beta of 1.42.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.25 billion. On average, research analysts expect that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were paid a dividend of $0.2425 per share. The ex-dividend date of this dividend 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 26.87%.

Wall Street Analysts Forecast Growth

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

Brink’s Company 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.