Bank of Montreal Can Raises Position in The Brink’s Company (NYSE:BCO)

Bank of Montreal Can boosted its position in shares of The Brink’s Company (NYSE:BCO) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,869 shares of the business services provider’s stock after buying an additional 1,092 shares during the period. Bank of Montreal Can’s holdings in Brink’s were worth $544,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. boosted its stake in Brink’s by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Brink’s during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new position in Brink’s in the 4th quarter worth approximately $55,000. First Horizon Advisors Inc. grew its position in shares of Brink’s by 41.0% in the fourth 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 acquired a new stake in shares of Brink’s in the fourth quarter valued at approximately $152,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brink’s Stock Performance

NYSE BCO opened at $87.06 on Tuesday. The business has a 50 day moving average price of $88.24 and a 200 day moving average price of $93.88. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $3.76 billion, a P/E ratio of 32.98 and a beta of 1.27. The Brink’s Company has a 1-year low of $80.21 and a 1-year high of $115.91.

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

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.