The Brink’s Company (NYSE:BCO) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in shares of The Brink’s Company (NYSE:BCO) by 119.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,156 shares of the business services provider’s stock after buying an additional 7,149 shares during the quarter. Hsbc Holdings PLC’s holdings in Brink’s were worth $1,220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BCO. Mather Group LLC. lifted its position in Brink’s by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 174 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Brink’s in the fourth quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in Brink’s during the fourth quarter worth about $55,000. First Horizon Advisors Inc. raised its position in Brink’s by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 250 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Brink’s in the fourth quarter valued at approximately $152,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut 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 $91.37 on Friday. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 34.61 and a beta of 1.27. The stock has a 50-day moving average of $87.64 and a 200 day moving average of $92.80. 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 twelve month low of $80.21 and a twelve month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Sell-side analysts anticipate that The Brink’s Company will post 6.49 EPS for the current fiscal year.

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.