Wells Fargo & Company MN Sells 6,865 Shares of The Brink’s Company (NYSE:BCO)

Wells Fargo & Company MN lowered its position in The Brink’s Company (NYSE:BCO) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,626 shares of the business services provider’s stock after selling 6,865 shares during the period. Wells Fargo & Company MN owned 0.10% of Brink’s worth $4,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BCO. American Century Companies Inc. raised its position in Brink’s by 0.7% in the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock valued at $138,845,000 after purchasing an additional 9,777 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Brink’s by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider’s stock worth $50,267,000 after buying an additional 5,109 shares in the last quarter. Norges Bank bought a new stake in Brink’s during the 4th quarter worth about $46,603,000. JPMorgan Chase & Co. increased its position in Brink’s by 23.7% in the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider’s stock valued at $27,681,000 after acquiring an additional 57,109 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Brink’s by 19.9% in the third 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. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Price Performance

Brink’s stock opened at $87.06 on Tuesday. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 32.98 and a beta of 1.27. The Brink’s Company has a 12-month low of $80.21 and a 12-month high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The business’s 50-day simple moving average is $88.24 and its 200 day simple moving average is $93.88.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, topping the consensus estimate 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 net margin of 2.37% and a return on equity of 71.46%. As a group, research analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.