The Brink’s Company (NYSE:BCO) Shares Sold by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC lessened its position in The Brink’s Company (NYSE:BCO) by 24.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 119,696 shares of the business services provider’s stock after selling 38,204 shares during the quarter. Zuckerman Investment Group LLC’s holdings in Brink’s were worth $10,985,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in Brink’s by 13.6% in 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 during the last quarter. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 23,781 shares during the last quarter. Y Intercept Hong Kong Ltd boosted 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 during the period. Wellington Management Group LLP boosted its holdings in Brink’s by 203.5% in the third 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 boosted its holdings in Brink’s by 13.9% in the fourth quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider’s stock worth $2,287,000 after purchasing an additional 3,005 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analysts Set New Price Targets

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

Brink’s Stock Performance

BCO stock opened at $87.98 on Thursday. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 33.33 and a beta of 1.27. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a 50 day moving average of $89.13 and a two-hundred day moving average of $95.45. The Brink’s Company has a 12 month low of $80.21 and a 12 month high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. As a group, equities analysts anticipate that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given 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 1.10%. Brink’s’s dividend payout ratio is currently 26.87%.

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.