Raymond James Financial Inc. Makes New Investment in The Brink's Company (NYSE:BCO)

Raymond James Financial Inc. bought a new stake in shares of The Brink's Company (NYSE:BCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 89,008 shares of the business services provider's stock, valued at approximately $8,257,000. Raymond James Financial Inc. owned 0.20% of Brink's at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in Brink's by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after acquiring an additional 510,389 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Brink's by 0.7% during the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock valued at $138,845,000 after buying an additional 9,777 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Brink's by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider's stock worth $50,267,000 after acquiring an additional 5,109 shares during the period. Norges Bank bought a new stake in Brink's in the fourth quarter valued at $46,603,000. Finally, Invesco Ltd. increased its position 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 purchasing an additional 82,451 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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 Stock Performance

BCO traded down $1.49 during mid-day trading on Friday, reaching $89.44. 344,516 shares of the company traded hands, compared to its average volume of 293,059. The stock has a market capitalization of $3.86 billion, a P/E ratio of 33.88 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 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's fifty day moving average price is $87.97 and its 200-day moving average price is $93.54.

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 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, sell-side analysts expect that The Brink's Company will post 6.49 EPS for the current year.

About Brink's

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.