Wells Fargo & Company MN Trims Position in The Brink's Company (NYSE:BCO)

Wells Fargo & Company MN reduced its position in The Brink's Company (NYSE:BCO - Free Report) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,626 shares of the business services provider's stock after selling 6,865 shares during the quarter. Wells Fargo & Company MN owned approximately 0.10% of Brink's worth $4,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in shares of Brink's by 13.6% during the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock valued at $6,487,000 after buying an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Brink's by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock worth $27,901,000 after purchasing an additional 23,781 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Brink's by 3.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock worth $491,000 after purchasing an additional 184 shares during the period. Profit Investment Management LLC grew its holdings in Brink's by 13.9% during the 4th quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider's stock valued at $2,287,000 after buying an additional 3,005 shares in the last quarter. Finally, Choreo LLC bought a new stake in shares of Brink's during the fourth quarter valued at about $463,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Brink's Price Performance

NYSE:BCO traded down $1.55 during trading hours on Friday, hitting $89.39. 178,228 shares of the company's stock traded hands, compared to its average volume of 292,116. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The business's fifty day simple moving average is $88.06 and its two-hundred day simple moving average is $93.69. 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 market cap of $3.86 billion, a P/E ratio of 33.85 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 EPS for the quarter, topping the consensus estimate of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. On average, research analysts anticipate that The Brink's Company will post 6.49 earnings per share 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.