Alliancebernstein L.P. trimmed its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 45.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,690 shares of the business services provider’s stock after selling 57,838 shares during the period. Alliancebernstein L.P. owned about 0.14% of Brink’s Company (The) worth $4,736,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BCO. BlackRock Inc. grew its holdings in shares of Brink’s Company (The) by 118,199.8% in the 1st quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock valued at $291,179,000 after acquiring an additional 5,443,099 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Brink’s Company (The) by 6.3% in the first quarter. Vanguard Group Inc. now owns 4,945,437 shares of the business services provider’s stock valued at $264,333,000 after acquiring an additional 295,025 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brink’s Company (The) by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,579,684 shares of the business services provider’s stock valued at $84,434,000 after acquiring an additional 26,778 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Brink’s Company (The) by 13.7% in the second quarter. Wells Fargo & Company MN now owns 1,384,776 shares of the business services provider’s stock valued at $92,781,000 after acquiring an additional 167,358 shares during the last quarter. Finally, State Street Corp increased its position in shares of Brink’s Company (The) by 6.2% in the first quarter. State Street Corp now owns 1,133,950 shares of the business services provider’s stock valued at $60,610,000 after acquiring an additional 66,448 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.

In other Brink’s Company (The) news, CAO Mcalister C. Marshall II sold 4,848 shares of Brink’s Company (The) stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.67, for a total transaction of $376,544.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Peter A. Feld sold 86,151 shares of Brink’s Company (The) stock in a transaction on Monday, July 31st. The stock was sold at an average price of $78.18, for a total transaction of $6,735,285.18. The disclosure for this sale can be found here. Insiders have sold 501,415 shares of company stock valued at $38,681,954 in the last quarter. 10.40% of the stock is currently owned by corporate insiders.

Shares of Brink’s Company (BCO) opened at 84.35 on Tuesday. The firm’s 50-day moving average is $79.12 and its 200 day moving average is $67.68. Brink’s Company has a 52-week low of $36.24 and a 52-week high of $84.80. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 50.21 and a beta of 1.70.

Brink’s Company (The) (NYSE:BCO) last posted its earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.18. The company had revenue of $806.00 million for the quarter, compared to analyst estimates of $730.87 million. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities research analysts anticipate that Brink’s Company will post $3.02 earnings per share for the current year.

BCO has been the subject of several recent research reports. ValuEngine cut Brink’s Company (The) from a “buy” rating to a “hold” rating in a research report on Monday. Imperial Capital upgraded Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their price target for the company from $72.00 to $86.00 in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.00.

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Brink’s Company (The) Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

Institutional Ownership by Quarter for Brink`s Company (The) (NYSE:BCO)

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