Brink’s (NYSE:BCO) Lowered to “Hold” Rating by Wall Street Zen

Brink’s (NYSE:BCO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Brink’s Price Performance

NYSE:BCO opened at $85.17 on Friday. Brink’s has a 52-week low of $80.10 and a 52-week high of $115.91. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 10.93. The firm has a market cap of $3.58 billion, a P/E ratio of 23.02 and a beta of 1.43. The business’s 50-day moving average price is $88.72 and its 200 day moving average price is $89.24.

Brink’s (NYSE:BCO) last released its earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.43. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brink’s had a net margin of 3.29% and a return on equity of 82.89%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS. As a group, sell-side analysts predict that Brink’s will post 6.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brink’s

A number of institutional investors have recently bought and sold shares of BCO. FMR LLC boosted its position in shares of Brink’s by 12.0% in the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock worth $441,125,000 after buying an additional 510,389 shares during the period. Norges Bank purchased a new stake in Brink’s in the 4th quarter worth about $46,603,000. Ariel Investments LLC boosted its position in Brink’s by 12.3% during the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock worth $118,941,000 after acquiring an additional 140,895 shares during the period. Ameriprise Financial Inc. grew its stake in Brink’s by 210.0% during the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider’s stock valued at $18,429,000 after acquiring an additional 134,582 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Brink’s in the first quarter worth approximately $9,929,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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.