The Brink’s Company (NYSE:BCO) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in shares of The Brink’s Company (NYSE:BCO) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 251,661 shares of the business services provider’s stock after acquiring an additional 23,125 shares during the quarter. Sei Investments Co.’s holdings in Brink’s were worth $23,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BCO. Sound Income Strategies LLC raised its holdings in shares of 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 purchasing an additional 8,352 shares during the period. JPMorgan Chase & Co. grew its position 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 buying an additional 23,781 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Brink’s by 3.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock worth $491,000 after acquiring an additional 184 shares during the period. Wellington Management Group LLP lifted 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 worth $8,059,000 after acquiring an additional 46,729 shares during the last quarter. Finally, Profit Investment Management LLC boosted its stake 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 valued at $2,287,000 after acquiring an additional 3,005 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink’s Stock Performance

Shares of BCO opened at $87.08 on Thursday. The firm has a fifty day moving average of $90.82 and a 200-day moving average of $97.28. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 32.98 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink’s Company has a 1 year low of $82.78 and a 1 year high of $115.91.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earnings per share for the current 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 given a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, February 3rd. Brink’s’s dividend payout ratio is currently 26.87%.

Analysts Set New Price Targets

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

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.