Summit Global Investments Buys Shares of 3,312 The Brink’s Company (NYSE:BCO)

Summit Global Investments purchased a new position in shares of The Brink’s Company (NYSE:BCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,312 shares of the business services provider’s stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC raised its stake in Brink’s by 13.6% during the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock worth $6,487,000 after acquiring an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Brink’s by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock valued at $27,901,000 after purchasing an additional 23,781 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Brink’s by 3.6% during 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. Wellington Management Group LLP lifted its stake 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 valued at $8,059,000 after purchasing an additional 46,729 shares during the last quarter. Finally, Profit Investment Management LLC lifted its stake in Brink’s by 13.9% in the 4th quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider’s stock valued at $2,287,000 after purchasing an additional 3,005 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Brink’s Price Performance

Brink’s stock opened at $87.59 on Tuesday. The company has a market capitalization of $3.78 billion, a PE ratio of 33.18 and a beta of 1.42. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a 50-day moving average price of $91.01 and a two-hundred day moving average price of $97.48. The Brink’s Company has a 12 month low of $82.78 and a 12 month high of $115.91.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.86 by $0.26. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Analysts expect that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were paid a $0.2425 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.11%. Brink’s’s dividend payout ratio is 26.87%.

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.