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

Headlands Technologies LLC acquired a new stake in The Brink’s Company (NYSE:BCO) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,641 shares of the business services provider’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Brink’s in the fourth quarter valued at $46,603,000. Raymond James Financial Inc. purchased a new position in Brink’s during the 4th quarter valued at about $8,257,000. State Street Corp increased its position in shares of Brink’s by 5.1% during 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 during the period. Wellington Management Group LLP lifted its holdings in shares of Brink’s by 114.1% in the fourth quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider’s stock worth $13,843,000 after buying an additional 79,529 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Brink’s by 23.7% in the fourth quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider’s stock valued at $27,681,000 after acquiring an additional 57,109 shares during the period. Institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of Brink’s stock opened at $84.53 on Friday. The business’s 50-day moving average price is $90.07 and its 200-day moving average price is $96.28. The firm has a market capitalization of $3.65 billion, a PE ratio of 32.02 and a beta of 1.27. The Brink’s Company has a 12 month low of $82.78 and a 12 month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

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

Brink’s Announces Dividend

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

Analyst Upgrades and Downgrades

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

Brink’s Company 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.