Bank of New York Mellon Corp Cuts Position in The Brink’s Company (NYSE:BCO)

Bank of New York Mellon Corp lowered its stake in The Brink’s Company (NYSE:BCO) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 498,759 shares of the business services provider’s stock after selling 22,756 shares during the quarter. Bank of New York Mellon Corp owned about 1.14% of Brink’s worth $46,270,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BCO. Wasatch Advisors LP acquired a new stake in shares of Brink’s in the third quarter valued at about $59,308,000. Fiera Capital Corp acquired a new stake in shares of Brink’s in the third quarter valued at about $27,460,000. State Street Corp grew its stake in shares of Brink’s by 5.1% in the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock valued at $198,758,000 after buying an additional 82,999 shares in the last quarter. Barclays PLC grew its stake in shares of Brink’s by 204.3% in the third quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock valued at $9,469,000 after buying an additional 54,975 shares in the last quarter. Finally, Southernsun Asset Management LLC grew its stake in shares of Brink’s by 11.0% in the third quarter. Southernsun Asset Management LLC now owns 517,932 shares of the business services provider’s stock valued at $59,894,000 after buying an additional 51,128 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of NYSE BCO opened at $87.23 on Thursday. The Brink’s Company has a fifty-two week low of $82.82 and a fifty-two week high of $115.91. The business has a 50 day moving average price of $92.56 and a two-hundred day moving average price of $99.56. 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 market cap of $3.76 billion, a PE ratio of 33.04 and a beta of 1.39.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, February 26th. The business services provider reported $2.12 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Sell-side analysts expect that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were issued a $0.2425 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.11%. Brink’s’s dividend payout ratio (DPR) is 26.87%.

Wall Street Analyst Weigh In

BCO has been the subject of a number of recent research reports. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 28th. Truist Financial lowered their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

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.