Bridgewater Associates LP Has $1.62 Million Holdings in The Brink’s Company (NYSE:BCO)

Bridgewater Associates LP trimmed its position in shares of The Brink’s Company (NYSE:BCO) by 52.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,507 shares of the business services provider’s stock after selling 19,476 shares during the period. Bridgewater Associates LP’s holdings in Brink’s were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BCO. HighTower Advisors LLC bought a new stake in shares of Brink’s in the 3rd quarter valued at about $205,000. Stifel Financial Corp bought a new stake in Brink’s in the third quarter valued at approximately $575,000. Barclays PLC lifted its position in shares of Brink’s by 204.3% in the third quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock valued at $9,469,000 after buying an additional 54,975 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Brink’s by 19.9% during the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider’s stock worth $32,862,000 after acquiring an additional 48,482 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Brink’s by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock valued at $27,901,000 after acquiring an additional 23,781 shares during the period. 94.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut 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

Brink’s stock opened at $87.57 on Friday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 33.17 and a beta of 1.27. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The Brink’s Company has a 12 month low of $80.21 and a 12 month high of $115.91. The stock’s 50 day moving average is $88.47 and its 200-day moving average is $94.46.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Equities research analysts expect that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Company 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.