Thoroughbred Financial Services LLC Grows Stake in The Brink’s Company (NYSE:BCO)

Thoroughbred Financial Services LLC boosted its holdings in shares of The Brink’s Company (NYSE:BCO) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,470 shares of the business services provider’s stock after purchasing an additional 475 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Brink’s were worth $321,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BCO. Mather Group LLC. raised its position in shares of Brink’s by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after buying an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new stake in Brink’s in the 4th quarter valued at $36,000. Golden State Wealth Management LLC purchased a new stake in Brink’s in the 4th quarter worth $55,000. First Horizon Advisors Inc. boosted its holdings in shares of Brink’s by 41.0% during the 4th quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 250 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Brink’s during the fourth quarter valued at about $152,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Brink’s Trading Down 1.9 %

BCO stock opened at $84.53 on Monday. The firm has a fifty day moving average price of $90.07 and a 200 day moving average price of $96.18. The Brink’s Company has a fifty-two week low of $82.28 and a fifty-two week high of $115.91. The firm has a market cap of $3.65 billion, a PE ratio of 32.02 and a beta of 1.27. 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 posted its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.26. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Sell-side analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s payout ratio is 26.87%.

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.