The Brink’s Company (NYSE:BCO) Stock Position Lowered by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. reduced its position in shares of The Brink’s Company (NYSE:BCO) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,294 shares of the business services provider’s stock after selling 313 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Brink’s were worth $1,233,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BCO. Mather Group LLC. boosted its position 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 acquiring an additional 174 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Brink’s by 3.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock worth $491,000 after purchasing an additional 184 shares during the period. Investment House LLC boosted its holdings in shares of Brink’s by 7.0% during the fourth quarter. Investment House LLC now owns 2,920 shares of the business services provider’s stock worth $271,000 after purchasing an additional 190 shares during the period. Harbor Capital Advisors Inc. grew its position in Brink’s by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider’s stock valued at $2,001,000 after purchasing an additional 207 shares in the last quarter. Finally, Xponance Inc. increased its stake in Brink’s by 3.7% in the 4th quarter. Xponance Inc. now owns 6,244 shares of the business services provider’s stock valued at $579,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

Shares of BCO stock opened at $86.65 on Thursday. The Brink’s Company has a fifty-two week low of $80.21 and a fifty-two week high of $115.91. The stock’s 50-day moving average is $88.57 and its two-hundred day moving average is $94.65. 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 firm has a market cap of $3.74 billion, a P/E ratio of 32.82 and a beta of 1.27.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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.