Bridgewater Associates LP Sells 19,476 Shares of The Brink's Company (NYSE:BCO)

Bridgewater Associates LP reduced its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 52.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,507 shares of the business services provider's stock after selling 19,476 shares during the quarter. Bridgewater Associates LP's holdings in Brink's were worth $1,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. HighTower Advisors LLC acquired a new stake in Brink's during the 3rd quarter worth approximately $205,000. Stifel Financial Corp bought a new position in Brink's in the 3rd quarter valued at about $575,000. Barclays PLC raised its position in shares of Brink's by 204.3% in the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock valued at $9,469,000 after buying an additional 54,975 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Brink's by 19.9% in the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider's stock valued at $32,862,000 after buying an additional 48,482 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Brink's by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock valued at $27,901,000 after buying an additional 23,781 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

Brink's Price Performance

Shares of Brink's stock traded up $1.24 during midday trading on Thursday, hitting $92.13. 89,374 shares of the company traded hands, compared to its average volume of 290,469. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 34.90 and a beta of 1.27. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The firm's fifty day moving average price is $88.11 and its 200-day moving average price is $93.83. The Brink's Company has a 12 month low of $80.21 and a 12 month high of $115.91.

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 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. As a group, sell-side analysts forecast that The Brink's Company will post 6.49 earnings per share for the current year.

Wall Street Analyst Weigh In

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 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.