NewEdge Advisors LLC Trims Stock Holdings in The Brink’s Company (NYSE:BCO)

NewEdge Advisors LLC reduced its position in shares of The Brink’s Company (NYSE:BCO) by 79.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,482 shares of the business services provider’s stock after selling 17,096 shares during the period. NewEdge Advisors LLC’s holdings in Brink’s were worth $416,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. grew its position in shares of Brink’s by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 174 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Brink’s during the 4th quarter valued at $36,000. Golden State Wealth Management LLC purchased a new position in shares of Brink’s during the 4th quarter valued at $55,000. First Horizon Advisors Inc. grew its position in shares of Brink’s by 41.0% during the 4th quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 250 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Brink’s during the 4th quarter valued at $152,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Stock Performance

NYSE BCO opened at $88.71 on Tuesday. The Brink’s Company has a 52-week low of $80.21 and a 52-week high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $3.83 billion, a P/E ratio of 33.60 and a beta of 1.27. The company has a fifty day moving average of $87.86 and a 200-day moving average of $93.15.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.26. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, equities research analysts predict that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Brink’s from a “strong-buy” rating to a “buy” rating in a report 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.