NewEdge Advisors LLC Has $416,000 Holdings in The Brink's Company (NYSE:BCO)

NewEdge Advisors LLC reduced its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 79.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,482 shares of the business services provider's stock after selling 17,096 shares during the period. NewEdge Advisors LLC's holdings in Brink's were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Brink's by 204.3% during the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock worth $9,469,000 after acquiring an additional 54,975 shares during the period. Franklin Resources Inc. boosted its stake in shares of Brink's by 19.9% during the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider's stock valued at $32,862,000 after buying an additional 48,482 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Brink's by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock worth $27,901,000 after purchasing an additional 23,781 shares during the last quarter. Oliver Luxxe Assets LLC increased its holdings in Brink's by 6.6% in the fourth quarter. Oliver Luxxe Assets LLC now owns 31,421 shares of the business services provider's stock valued at $2,915,000 after buying an additional 1,936 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Brink's by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider's stock worth $2,001,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Price Performance

Shares of BCO stock traded up $2.66 during midday trading on Friday, reaching $91.60. 179,856 shares of the company were exchanged, compared to its average volume of 293,608. The company's 50 day moving average price is $87.70 and its two-hundred day moving average price is $92.94. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $3.96 billion, a P/E ratio of 34.70 and a beta of 1.27. The Brink's Company has a 12 month low of $80.21 and a 12 month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. On average, sell-side analysts expect that The Brink's Company will post 6.49 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Brink's from a "strong-buy" rating to a "buy" rating in a research note 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.