State of Tennessee Department of Treasury Has $1.68 Million Stake in The Brink’s Company (NYSE:BCO)

State of Tennessee Department of Treasury lowered its holdings in shares of The Brink’s Company (NYSE:BCO) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,106 shares of the business services provider’s stock after selling 510 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Brink’s were worth $1,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC lifted its stake in Brink’s by 13.6% in the fourth 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. increased 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 raised its stake in shares of 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 valued at $491,000 after purchasing an additional 184 shares during the period. Profit Investment Management LLC lifted its holdings in shares of Brink’s by 13.9% in the fourth quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider’s stock valued at $2,287,000 after purchasing an additional 3,005 shares in the last quarter. Finally, Choreo LLC acquired a new position in shares of Brink’s during the fourth quarter worth about $463,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Up 1.2 %

Shares of BCO stock opened at $89.77 on Wednesday. The firm’s fifty day moving average price is $87.81 and its two-hundred day moving average price is $93.13. 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 1 year low of $80.21 and a 1 year high of $115.91. The firm has a market capitalization of $3.88 billion, a P/E ratio of 34.00 and a beta of 1.27.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th.

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.