Brink’s (NYSE:BCO) Reaches New 1-Year High at $99.53

The Brink’s Company (NYSE:BCO)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $99.53 and last traded at $99.40, with a volume of 98317 shares changing hands. The stock had previously closed at $96.68.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group boosted their target price on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. William Blair began coverage on Brink’s in a research report on Tuesday. They set an “outperform” rating on the stock. Finally, TheStreet cut Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $106.50.

Brink’s Trading Down 0.8 %

The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 38.03 and a beta of 1.39. The company has a debt-to-equity ratio of 6.37, a quick ratio of 1.46 and a current ratio of 1.46. The business has a fifty day moving average of $90.33 and a two-hundred day moving average of $84.86.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.29. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. As a group, equities analysts expect that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, May 10th. This is a boost from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio is 37.16%.

Insider Transactions at Brink’s

In other news, Director Keith R. Wyche sold 400 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total transaction of $32,948.00. Following the sale, the director now owns 665 shares in the company, valued at $54,776.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BCO. Covestor Ltd boosted its stake in Brink’s by 154.8% in the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Blue Trust Inc. boosted its stake in Brink’s by 60.3% in the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 141 shares during the period. LRI Investments LLC acquired a new position in Brink’s in the first quarter valued at approximately $37,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Brink’s in the first quarter valued at approximately $49,000. Finally, HM Payson & Co. acquired a new position in shares of Brink’s during the third quarter worth approximately $53,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.