Brink’s (NYSE:BCO) Reaches New 1-Year High Following Earnings Beat

Brink’s Company (The) (NYSE:BCO)’s share price hit a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $134.40 and last traded at $134.5490, with a volume of 268244 shares trading hands. The stock had previously closed at $129.58.

The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.07. Brink’s had a net margin of 3.31% and a return on equity of 93.16%.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, February 2nd. Brink’s’s dividend payout ratio (DPR) is presently 26.09%.

Brink’s declared that its board has initiated a share buyback plan on Thursday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 15.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Separately, Truist Financial increased their price target on Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Insiders Place Their Bets

In related news, insider Michael E. Sweeney sold 1,418 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $119.50, for a total value of $169,451.00. Following the completion of the transaction, the insider directly owned 5,755 shares of the company’s stock, valued at $687,722.50. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BCO. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Brink’s during the third quarter worth $2,332,000. LSV Asset Management raised its position in Brink’s by 16.3% during the 3rd quarter. LSV Asset Management now owns 1,256,385 shares of the business services provider’s stock worth $146,821,000 after buying an additional 175,773 shares during the last quarter. CenterBook Partners LP lifted its stake in shares of Brink’s by 170.1% in the 3rd quarter. CenterBook Partners LP now owns 48,641 shares of the business services provider’s stock worth $5,684,000 after acquiring an additional 30,635 shares during the period. SG Capital Management LLC purchased a new stake in shares of Brink’s in the second quarter valued at about $8,842,000. Finally, Edgestream Partners L.P. increased its stake in shares of Brink’s by 78.3% during the second quarter. Edgestream Partners L.P. now owns 51,949 shares of the business services provider’s stock worth $4,639,000 after acquiring an additional 22,810 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Trading Up 4.9%

The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 34.75 and a beta of 1.09. The business’s 50 day moving average price is $124.71 and its 200-day moving average price is $117.44. The company has a debt-to-equity ratio of 9.14, a current ratio of 1.46 and a quick ratio of 1.46.

About Brink’s

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.