The Brink's Company (NYSE:BCO) Stake Increased by Wasatch Advisors LP

Wasatch Advisors LP boosted its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,938 shares of the business services provider's stock after buying an additional 18,073 shares during the period. Wasatch Advisors LP owned approximately 1.22% of Brink's worth $49,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BCO. XTX Topco Ltd purchased a new stake in Brink's during the 4th quarter worth approximately $394,000. Barclays PLC grew its position in shares of Brink's by 25.3% during the 4th quarter. Barclays PLC now owns 102,581 shares of the business services provider's stock valued at $9,516,000 after acquiring an additional 20,703 shares during the period. CenterBook Partners LP boosted its position in Brink's by 44.1% during the fourth quarter. CenterBook Partners LP now owns 27,608 shares of the business services provider's stock worth $2,561,000 after purchasing an additional 8,447 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Brink's in the fourth quarter valued at approximately $8,257,000. Finally, Invesco Ltd. grew its stake in Brink's by 32.1% in the 4th quarter. Invesco Ltd. now owns 339,596 shares of the business services provider's stock valued at $31,504,000 after acquiring an additional 82,451 shares during the period. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Stock Performance

BCO traded down $0.39 during trading on Monday, hitting $87.15. 46,752 shares of the stock were exchanged, compared to its average volume of 289,837. The firm has a market capitalization of $3.77 billion, a P/E ratio of 33.01 and a beta of 1.27. The stock has a fifty day moving average price of $88.36 and a two-hundred day moving average price of $94.05. 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 1-year low of $80.21 and a 1-year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.26. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. As a group, sell-side analysts predict that The Brink's Company will post 6.49 earnings per share for the current year.

Analyst Ratings Changes

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 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.