AQR Capital Management LLC Sells 28,722 Shares of The Brink’s Company (NYSE:BCO)

AQR Capital Management LLC reduced its position in shares of The Brink’s Company (NYSE:BCO) by 19.7% in the fourth quarter, Holdings Channel reports. The fund owned 116,908 shares of the business services provider’s stock after selling 28,722 shares during the quarter. AQR Capital Management LLC’s holdings in Brink’s were worth $10,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its holdings in 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 purchasing an additional 54,975 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Brink’s by 19.9% during the third quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider’s stock valued at $32,862,000 after buying an additional 48,482 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Brink’s by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock valued at $27,901,000 after buying an additional 23,781 shares during the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Brink’s by 6.6% in the fourth quarter. Oliver Luxxe Assets LLC now owns 31,421 shares of the business services provider’s stock worth $2,915,000 after buying an additional 1,936 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Brink’s by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider’s stock worth $2,001,000 after acquiring an additional 207 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other 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 report on Saturday, March 8th.

Brink’s Stock Down 0.3 %

NYSE:BCO opened at $91.12 on Tuesday. The company’s 50-day simple moving average is $87.53 and its 200-day simple moving average is $92.38. 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 Brink’s Company has a fifty-two week low of $80.21 and a fifty-two week high of $115.91. The stock has a market capitalization of $3.94 billion, a P/E ratio of 34.52 and a beta of 1.42.

Brink’s (NYSE:BCO) last released its quarterly earnings results 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 company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. On average, equities analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current fiscal 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.