Summit Investment Advisors Inc. Sells 313 Shares of The Brink’s Company (NYSE:BCO)

Summit Investment Advisors Inc. trimmed its position in shares of The Brink’s Company (NYSE:BCO) by 2.3% in the fourth quarter, Holdings Channel reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Brink’s by 12.0% during the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock valued at $441,125,000 after purchasing an additional 510,389 shares during the period. American Century Companies Inc. lifted its holdings in shares of Brink’s by 0.7% during the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock worth $138,845,000 after buying an additional 9,777 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Brink’s by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock worth $121,022,000 after acquiring an additional 8,841 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 valued at $50,267,000 after purchasing an additional 5,109 shares during the last quarter. Finally, Norges Bank acquired a new stake in Brink’s in the 4th quarter worth $46,603,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brink’s Stock Down 0.6 %

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

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share 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 analysts’ expectations of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. On average, analysts anticipate that The Brink’s Company will post 6.49 EPS for the current year.

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.