Legal & General Group Plc Cuts Holdings in The Brink's Company (NYSE:BCO)

Legal & General Group Plc trimmed its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,744 shares of the business services provider's stock after selling 2,942 shares during the quarter. Legal & General Group Plc owned 0.16% of Brink's worth $6,656,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BCO. Mather Group LLC. raised its stake in Brink's by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after buying an additional 174 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Brink's in the fourth quarter worth about $36,000. Golden State Wealth Management LLC purchased a new position in shares of Brink's during the 4th quarter valued at approximately $55,000. First Horizon Advisors Inc. raised 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 worth $80,000 after acquiring an additional 250 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Brink's in the fourth quarter valued at approximately $152,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Brink's Trading Up 0.6 %

Shares of BCO traded up $0.51 during midday trading on Thursday, reaching $91.40. The company had a trading volume of 52,722 shares, compared to its average volume of 290,336. The Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91. 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 firm has a 50 day simple moving average of $88.11 and a 200-day simple moving average of $93.83. The stock has a market cap of $3.95 billion, a PE ratio of 34.63 and a beta of 1.27.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Research analysts forecast that The Brink's Company will post 6.49 EPS for the current fiscal year.

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.