Raymond James Financial Inc. Acquires New Holdings in The Brink’s Company (NYSE:BCO)

Raymond James Financial Inc. bought a new stake in The Brink’s Company (NYSE:BCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 89,008 shares of the business services provider’s stock, valued at approximately $8,257,000.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in Brink’s by 3.3% in the fourth quarter. Assetmark Inc. now owns 8,072 shares of the business services provider’s stock valued at $749,000 after acquiring an additional 259 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Brink’s by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider’s stock valued at $50,267,000 after acquiring an additional 5,109 shares in the last quarter. Schechter Investment Advisors LLC boosted its stake in Brink’s by 1.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 20,215 shares of the business services provider’s stock valued at $1,875,000 after acquiring an additional 329 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Brink’s by 3.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 184 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted 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 in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Trading Down 2.5 %

NYSE:BCO opened at $83.65 on Friday. The Brink’s Company has a 12 month low of $82.78 and a 12 month high of $115.91. The firm has a fifty day simple moving average of $91.06 and a 200-day simple moving average of $97.68. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market capitalization of $3.61 billion, a P/E ratio of 31.69 and a beta of 1.42.

Brink’s (NYSE:BCO) last posted its quarterly earnings data 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, equities research analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2425 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.16%. Brink’s’s payout ratio is currently 26.87%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research note 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.