Alliancebernstein L.P. Has $8.47 Million Position in The Brink’s Company (NYSE:BCO)

Alliancebernstein L.P. trimmed its stake in The Brink’s Company (NYSE:BCO) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,298 shares of the business services provider’s stock after selling 5,665 shares during the quarter. Alliancebernstein L.P.’s holdings in Brink’s were worth $8,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCO. Mather Group LLC. boosted its position in shares of Brink’s by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after purchasing an additional 174 shares in the last quarter. Sierra Ocean LLC acquired a new position in Brink’s during the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new position in Brink’s in the fourth quarter worth approximately $55,000. First Horizon Advisors Inc. grew its stake in Brink’s by 41.0% in the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 250 shares during the period. Finally, KBC Group NV grew its stake in Brink’s by 61.6% in the fourth quarter. KBC Group NV now owns 1,721 shares of the business services provider’s stock valued at $160,000 after acquiring an additional 656 shares during the period. 94.96% of the stock is owned by institutional investors.

Brink’s Stock Down 5.9 %

Shares of NYSE BCO opened at $82.96 on Friday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink’s Company has a 1 year low of $80.21 and a 1 year high of $115.91. The stock has a market capitalization of $3.58 billion, a P/E ratio of 31.42 and a beta of 1.27. The company has a 50-day moving average price of $88.95 and a 200-day moving average price of $95.25.

Brink’s (NYSE:BCO) last released its quarterly 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. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. On average, equities research analysts forecast that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is presently 26.87%.

Wall Street Analyst Weigh In

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

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.