Hancock Whitney Corp Sells 6,841 Shares of The Brink's Company (NYSE:BCO)

Hancock Whitney Corp cut its holdings in The Brink's Company (NYSE:BCO - Free Report) by 47.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,438 shares of the business services provider's stock after selling 6,841 shares during the period. Hancock Whitney Corp's holdings in Brink's were worth $690,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC increased its holdings in shares of Brink's by 13.6% in 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 during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Brink's by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock worth $27,901,000 after buying an additional 23,781 shares during 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 boosted its position in Brink's by 13.9% in the fourth quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider's stock valued at $2,287,000 after buying an additional 3,005 shares in the last quarter. Finally, Choreo LLC bought a new stake in Brink's during the 4th quarter worth $463,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brink's Stock Performance

Shares of BCO traded up $2.61 on Friday, reaching $91.55. 108,428 shares of the company's stock traded hands, compared to its average volume of 293,315. The Brink's Company has a 52-week low of $80.21 and a 52-week high of $115.91. The stock's 50 day simple moving average is $87.70 and its two-hundred day simple moving average is $92.94. 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 cap of $3.95 billion, a PE ratio of 34.68 and a beta of 1.27.

Brink's (NYSE:BCO - Get Free Report) last posted its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.26. The firm 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%. On average, analysts forecast that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

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.