Wells Fargo & Company MN Sells 6,865 Shares of The Brink's Company (NYSE:BCO)

Wells Fargo & Company MN lowered its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,626 shares of the business services provider's stock after selling 6,865 shares during the quarter. Wells Fargo & Company MN owned 0.10% of Brink's worth $4,140,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC grew its stake in shares of Brink's by 15.9% in the 4th quarter. Thoroughbred Financial Services LLC now owns 3,470 shares of the business services provider's stock worth $321,000 after purchasing an additional 475 shares during the last quarter. Villanova Investment Management Co LLC grew its position in Brink's by 11.2% in the fourth quarter. Villanova Investment Management Co LLC now owns 15,647 shares of the business services provider's stock worth $1,452,000 after buying an additional 1,572 shares during the last quarter. Ballast Asset Management LP increased its holdings in shares of Brink's by 11.7% in the fourth quarter. Ballast Asset Management LP now owns 39,360 shares of the business services provider's stock valued at $3,651,000 after buying an additional 4,122 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Brink's during the 4th quarter valued at $152,000. Finally, Wellington Management Group LLP boosted its stake in shares of Brink's by 114.1% during the 4th quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock worth $13,843,000 after acquiring an additional 79,529 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Trading Down 1.6 %

Shares of Brink's stock traded down $1.49 during trading on Friday, hitting $89.44. The stock had a trading volume of 344,516 shares, compared to its average volume of 293,059. The Brink's Company has a 1 year low of $80.21 and a 1 year high of $115.91. The stock has a 50 day simple moving average of $87.97 and a 200 day simple moving average of $93.54. 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 company has a market capitalization of $3.86 billion, a PE ratio of 33.88 and a beta of 1.27.

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, topping the consensus estimate of $1.86 by $0.26. The firm 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%. On average, research analysts expect that The Brink's Company will post 6.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.