Amundi Has $7.24 Million Stock Position in The Brink’s Company (NYSE:BCO)

Amundi lowered its holdings in The Brink’s Company (NYSE:BCO) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,372 shares of the business services provider’s stock after selling 863 shares during the period. Amundi’s holdings in Brink’s were worth $7,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCO. Mather Group LLC. grew 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 in the last quarter. Sierra Ocean LLC acquired a new position in Brink’s during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new position in Brink’s during the fourth quarter valued at approximately $55,000. First Horizon Advisors Inc. increased its position in shares of Brink’s by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after purchasing an additional 407 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Brink’s by 61.6% during the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider’s stock worth $160,000 after purchasing an additional 656 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brink’s Stock Up 3.0 %

Shares of BCO stock opened at $85.86 on Friday. The Brink’s Company has a 52-week low of $83.38 and a 52-week high of $115.91. 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 stock has a market cap of $3.70 billion, a price-to-earnings ratio of 32.52 and a beta of 1.42. The firm’s 50-day moving average is $91.66 and its 200-day moving average is $98.50.

Brink’s (NYSE:BCO) last released its quarterly earnings data 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. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Sell-side analysts predict that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, February 3rd. Brink’s’s payout ratio is presently 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.