Price T Rowe Associates Inc. MD Has $48.03 Million Stock Holdings in The Brink's Company (NYSE:BCO)

Price T Rowe Associates Inc. MD raised its holdings in The Brink's Company (NYSE:BCO - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 517,715 shares of the business services provider's stock after buying an additional 29,006 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.19% of Brink's worth $48,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sound Income Strategies LLC boosted its holdings in Brink's by 13.6% during the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock valued at $6,487,000 after purchasing an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Brink's by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock worth $27,901,000 after acquiring an additional 23,781 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Brink's by 3.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock valued at $491,000 after purchasing an additional 184 shares in the last quarter. Profit Investment Management LLC grew its holdings in shares of Brink's by 13.9% in the 4th quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider's stock worth $2,287,000 after purchasing an additional 3,005 shares during the last quarter. Finally, Choreo LLC acquired a new stake in shares of Brink's during the 4th quarter worth about $463,000. 94.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 Price Performance

Shares of Brink's stock traded up $2.43 during trading on Friday, reaching $91.37. The company's stock had a trading volume of 305,481 shares, compared to its average volume of 294,069. The Brink's Company has a one year low of $80.21 and a one year high of $115.91. The stock has a 50-day moving average price of $87.64 and a two-hundred day moving average price of $92.80. 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 stock has a market capitalization of $3.95 billion, a P/E ratio of 34.61 and a beta of 1.27.

Brink's (NYSE:BCO - Get Free Report) last issued 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. 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 analyst estimates of $1.25 billion. As a group, sell-side analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

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.