Franklin Resources Inc. Decreases Stake in The Brink's Company (NYSE:BCO)

Franklin Resources Inc. reduced its position in The Brink's Company (NYSE:BCO - Free Report) by 86.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,742 shares of the business services provider's stock after selling 252,726 shares during the quarter. Franklin Resources Inc. owned approximately 0.09% of Brink's worth $3,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. raised its stake in Brink's by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after acquiring an additional 174 shares during the period. Sierra Ocean LLC bought a new stake in Brink's during the 4th quarter valued at $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Brink's during the fourth quarter worth $55,000. First Horizon Advisors Inc. grew its position in shares of Brink's by 41.0% in the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock valued at $80,000 after purchasing an additional 250 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Brink's by 61.6% during the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock valued at $160,000 after purchasing an additional 656 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink's Price Performance

Shares of NYSE BCO traded up $0.45 during midday trading on Thursday, hitting $86.98. 48,635 shares of the company's stock were exchanged, compared to its average volume of 288,443. The business's fifty day moving average price is $88.57 and its two-hundred day moving average price is $94.65. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 32.87 and a beta of 1.27. 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 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 quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, research analysts forecast that The Brink's Company will post 6.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Brink's 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.