Brink’s (NYSE:BCO) Sees Strong Trading Volume on Analyst Upgrade

Brink’s Company (The) (NYSE:BCO) shares saw an uptick in trading volume on Monday after The Goldman Sachs Group raised their price target on the stock from $129.00 to $145.00. The Goldman Sachs Group currently has a buy rating on the stock. 984,399 shares were traded during mid-day trading, an increase of 184% from the previous session’s volume of 346,633 shares.The stock last traded at $124.4930 and had previously closed at $116.77.

Separately, Truist Financial increased their price target on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Brink’s has an average rating of “Moderate Buy” and an average price target of $154.00.

Insider Transactions at Brink’s

In other Brink’s news, insider Michael E. Sweeney sold 1,418 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $119.50, for a total value of $169,451.00. Following the sale, the insider 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Brink’s

A number of large investors have recently bought and sold shares of BCO. Caldwell Trust Co acquired a new position in shares of Brink’s in the second quarter worth $27,000. Smartleaf Asset Management LLC raised its stake in Brink’s by 150.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. Advisory Services Network LLC purchased a new position in Brink’s in the 3rd quarter valued at about $33,000. Mather Group LLC. acquired a new stake in shares of Brink’s during the 3rd quarter worth about $34,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Brink’s during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Trading Up 6.9%

The business’s 50-day moving average price is $124.99 and its two-hundred day moving average price is $117.74. The company has a debt-to-equity ratio of 9.35, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 26.61 and a beta of 1.09.

Brink’s (NYSE:BCO) last announced its earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.07. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. Brink’s’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.12 earnings per share. Equities analysts expect that Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. Brink’s’s payout ratio is currently 21.75%.

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

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.