Headlands Technologies LLC Takes Position in The Brink’s Company (NYSE:BCO)

Headlands Technologies LLC purchased a new position in The Brink’s Company (NYSE:BCO) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,641 shares of the business services provider’s stock, valued at approximately $152,000.

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

Brink’s Stock Down 1.9 %

BCO stock opened at $84.53 on Friday. 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 business has a 50 day moving average of $90.07 and a 200 day moving average of $96.28. The Brink’s Company has a twelve month low of $82.78 and a twelve month 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.

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 return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. On average, research analysts forecast that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is currently 26.87%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of 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.