The Brink's Company (NYSE:BCO) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 119.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,156 shares of the business services provider's stock after purchasing an additional 7,149 shares during the period. Hsbc Holdings PLC's holdings in Brink's were worth $1,220,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Brink's by 367.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,225 shares of the business services provider's stock worth $392,000 after acquiring an additional 3,321 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Brink's by 5.6% in the 4th quarter. MetLife Investment Management LLC now owns 50,244 shares of the business services provider's stock worth $4,661,000 after purchasing an additional 2,668 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Brink's by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider's stock worth $3,632,000 after purchasing an additional 142 shares in the last quarter. Wasatch Advisors LP grew its holdings in Brink's by 3.5% in the fourth quarter. Wasatch Advisors LP now owns 530,938 shares of the business services provider's stock valued at $49,255,000 after purchasing an additional 18,073 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Brink's in the fourth quarter valued at approximately $394,000. Hedge funds and other institutional investors own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Brink's from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th.

Brink's Price Performance

BCO stock traded down $0.31 during trading on Monday, hitting $91.12. The stock had a trading volume of 341,001 shares, compared to its average volume of 294,805. The company's 50-day moving average price is $87.53 and its two-hundred day moving average price is $92.38. The Brink's Company has a twelve month low of $80.21 and a twelve month high of $115.91. The stock has a market capitalization of $3.94 billion, a P/E ratio of 34.52 and a beta of 1.27. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, research analysts predict that The Brink's Company will post 6.49 EPS for the current fiscal year.

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.