The Brink’s Company (NYSE:BCO) Shares Sold by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. reduced its position in The Brink’s Company (NYSE:BCO) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,267 shares of the business services provider’s stock after selling 18,315 shares during the period. Mesirow Institutional Investment Management Inc. owned approximately 0.32% of Brink’s worth $12,827,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Mather Group LLC. raised its holdings in Brink’s by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 174 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Brink’s in the 4th quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Brink’s in the 4th quarter valued at about $55,000. First Horizon Advisors Inc. lifted its position in shares of Brink’s by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock worth $80,000 after purchasing an additional 250 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Brink’s in the fourth quarter worth about $152,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brink’s Stock Performance

Brink’s stock opened at $87.57 on Friday. 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 Brink’s Company has a 12 month low of $80.21 and a 12 month high of $115.91. The company has a fifty day moving average price of $88.36 and a two-hundred day moving average price of $94.16. The company has a market cap of $3.78 billion, a PE ratio of 33.17 and a beta of 1.27.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Research analysts expect that The Brink’s Company will post 6.49 earnings per share 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.