Charles Schwab Investment Management Inc. Boosts Position in The Brink’s Company (NYSE:BCO)

Charles Schwab Investment Management Inc. grew its holdings in shares of The Brink’s Company (NYSE:BCO) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 541,848 shares of the business services provider’s stock after acquiring an additional 5,109 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.24% of Brink’s worth $50,267,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. 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 valued at $27,000 after acquiring an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Brink’s during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in shares of Brink’s during the 4th quarter valued at about $55,000. First Horizon Advisors Inc. boosted 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 valued at $71,000 after acquiring an additional 407 shares during the last quarter. Finally, KBC Group NV boosted its position 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 acquiring an additional 656 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

NYSE:BCO opened at $83.46 on Friday. The business has a 50 day moving average of $91.98 and a 200 day moving average of $98.84. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 31.61 and a beta of 1.42. The Brink’s Company has a 1-year low of $83.38 and a 1-year high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.26. The business had revenue of $1.26 billion for 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%. On average, sell-side analysts predict that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a $0.2425 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.16%. Brink’s’s dividend payout ratio (DPR) is currently 26.87%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.