The Brink's Company (NYSE:BCO) Holdings Reduced by Gabelli Funds LLC

Gabelli Funds LLC decreased its stake in The Brink's Company (NYSE:BCO - Free Report) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the business services provider's stock after selling 8,000 shares during the period. Gabelli Funds LLC's holdings in Brink's were worth $1,113,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BCO. XTX Topco Ltd acquired a new position in shares of Brink's in the fourth quarter worth about $394,000. Barclays PLC boosted its stake 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 buying an additional 20,703 shares during the last quarter. CenterBook Partners LP increased its stake in shares of Brink's by 44.1% in the fourth quarter. CenterBook Partners LP now owns 27,608 shares of the business services provider's stock worth $2,561,000 after buying an additional 8,447 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Brink's in the fourth quarter valued at $8,257,000. Finally, Invesco Ltd. boosted its stake in Brink's by 32.1% during 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 last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink's Stock Performance

BCO stock traded up $1.38 during trading on Wednesday, hitting $91.09. 371,891 shares of the company's stock traded hands, compared to its average volume of 290,614. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 34.50 and a beta of 1.27. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The stock has a fifty day moving average price of $88.11 and a two-hundred day moving average price of $93.83. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, equities analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Brink's from a "strong-buy" rating to a "buy" rating in a research note 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.