Wasatch Advisors LP Grows Position in The Brink's Company (NYSE:BCO)

Wasatch Advisors LP raised its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 530,938 shares of the business services provider's stock after buying an additional 18,073 shares during the quarter. Wasatch Advisors LP owned about 1.22% of Brink's worth $49,255,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC bought a new position in shares of Brink's in the third quarter worth $205,000. Stifel Financial Corp bought a new position in Brink's in the 3rd quarter worth about $575,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Brink's in the 3rd quarter valued at about $751,000. Barclays PLC boosted its position in shares of Brink's by 204.3% during the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock valued at $9,469,000 after acquiring an additional 54,975 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Brink's by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider's stock worth $121,022,000 after purchasing an additional 8,841 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

Brink's Trading Up 1.2 %

Brink's stock traded up $1.04 during mid-day trading on Friday, hitting $87.57. The company's stock had a trading volume of 272,457 shares, compared to its average volume of 290,276. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 33.17 and a beta of 1.27. The business has a 50 day moving average price of $88.47 and a 200-day moving average price of $94.46. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. 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 issued its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) 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%. As a group, analysts forecast that The Brink's Company will post 6.49 EPS for the current year.

Analyst Ratings Changes

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

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.