Russell Investments Group Ltd. Boosts Holdings in The Brink's Company (NYSE:BCO)

Russell Investments Group Ltd. increased its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,821 shares of the business services provider's stock after buying an additional 4,265 shares during the period. Russell Investments Group Ltd.'s holdings in Brink's were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake in shares of Brink's by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after buying an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new position in Brink's during the 4th quarter valued at $36,000. Golden State Wealth Management LLC bought a new stake in Brink's in the 4th quarter valued at about $55,000. First Horizon Advisors Inc. raised its stake in Brink's by 41.0% in the 4th 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 during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Brink's during the fourth quarter worth about $152,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Trading Up 0.7 %

Shares of Brink's stock traded up $0.59 on Thursday, hitting $91.48. The stock had a trading volume of 45,616 shares, compared to its average volume of 290,289. 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 Brink's Company has a one year low of $80.21 and a one year high of $115.91. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 34.63 and a beta of 1.27. The stock's 50-day simple moving average is $88.11 and its two-hundred day simple moving average is $93.83.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.25 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. As a group, sell-side analysts predict that The Brink's Company will post 6.49 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Brink's from a "strong-buy" rating to a "buy" rating in a research 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.