California Public Employees Retirement System Sells 8,815 Shares of The Brink’s Company (NYSE:BCO)

California Public Employees Retirement System decreased its holdings in shares of The Brink’s Company (NYSE:BCO) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,004 shares of the business services provider’s stock after selling 8,815 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Brink’s worth $7,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Brink’s during the 4th quarter worth about $46,603,000. Raymond James Financial Inc. acquired a new stake in Brink’s during the fourth quarter worth approximately $8,257,000. State Street Corp boosted its holdings 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 worth $198,758,000 after acquiring an additional 82,999 shares during the period. JPMorgan Chase & Co. grew 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 purchasing an additional 57,109 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Brink’s by 204.3% during the third quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock worth $9,469,000 after purchasing an additional 54,975 shares during the period. 94.96% of the stock is owned by institutional investors.

Brink’s Price Performance

Shares of Brink’s stock opened at $83.06 on Tuesday. 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 stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 31.46 and a beta of 1.27. The Brink’s Company has a twelve month low of $80.58 and a twelve month high of $115.91. The company has a 50-day simple moving average of $89.85 and a two-hundred day simple moving average of $95.97.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Analysts forecast that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s payout ratio is currently 26.87%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.