Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Brink’s Company (BCO): Cantillon Capital Management Unloads Entire Stake; Company Swings To Net Loss in Q4

Cantillon Capital Management, managed by William Von Mueffling, has sold its entire stake in Brink’s Company (NYSE:BCO). In its 13G filing with the U.S. Securities and Exchange Commission, Cantillon Capital revealed that it is no longer an owner of the company’s shares. The fund held 3.09 million shares of Brink’s Company (NYSE:BCO) as of September 30, 2014.

Brink's Co (NYSE:BCO)

New York-based Cantillon Capital Management was founded by William von Mueffling in 2003, who serves as the current president and CEO. Prior to founding Cantillon Capital, Mr. von Mueffling worked at Lazard Asset Management, where he was the managing director responsible for hedge funds. At Lazard Asset Management, Mr. von Mueffling posted average annual returns of more than 30% from 1998 to 2003, by shorting technology stocks.

Cantillon Capital’s equity portfolio was valued at $4.43 billion as of the end of the third quarter of 2014. The fund mainly focuses on Technology, Services, and Consumer Goods stocks. Baidu Inc (ADR)(NASDAQ:BIDU), Fidelity National Information Services (NYSE:FIS), and Harley-Davidson Inc (NYSE:HOG), represented Cantillon Capital’s largest holdings, in term of value. During the third quarter of last year, Cantillon Capital upped its holding of Baidu Inc (ADR)(NASDAQ:BIDU) to 2.29 million shares. In Fidelity National Information Services (NYSE:FIS) the fund reported holding 8.31 million shares, and they held 6.25 million shares of Harley-Davidson Inc (NYSE:HOG).

Virginia-based Brink’s Company (NYSE:BCO) is a $1.2 billion provider of security-related services for banks, financial institutions, mines, retailers, the diamond and jewelry industries, and pharmaceuticals. The company swung to a net loss in the fourth quarter of 2014. The company booked a net loss of $47.2 million, or a loss of $0.96 per share, versus net income of $40.9 million, or $0.83 per share, in the same period in 2013. Revenues for the quarter dropped to $881.2 million from $997.2 during the same quarter of 2013. For full-year fiscal 2014, the company reported a net loss of $83.9 million, or a loss of $1.71 per share, compared to net income of $56.8 million, or $1.16 per share, in 2013. It posted revenues of $3.6 billion, down from $3.8 billion in 2013.

In order to save money and improve its financial situation, Brink’s Company (NYSE:BCO) announced a restructuring plan, under which the company will be eliminating about 1,700 positions from its global workforce of about 64,000 employees. The company believes that these measures will generate cost savings of $30 million to $35 million in 2015.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.