Brink’s (NYSE:BCO) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Brink’s (NYSE:BCO) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brink’s currently has an average rating of “Hold” and an average target price of $154.00.

Brink’s Price Performance

BCO stock opened at $110.44 on Friday. The firm has a 50 day moving average of $106.34 and a 200-day moving average of $110.22. The company has a current ratio of 1.55, a quick ratio of 1.62 and a debt-to-equity ratio of 9.89. Brink’s has a 12 month low of $91.05 and a 12 month high of $136.37. The firm has a market capitalization of $4.55 billion, a P/E ratio of 28.99 and a beta of 0.95.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, November 4th. The business services provider reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. Brink’s had a net margin of 2.88% and a return on equity of 91.46%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $2.08 EPS. Brink’s’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts predict that Brink’s will post 8.99 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 2nd will be issued a $0.2550 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink’s’s dividend payout ratio (DPR) is presently 26.77%.

Institutional Trading of Brink’s

A number of large investors have recently modified their holdings of BCO. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Brink’s by 234.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,608 shares of the business services provider’s stock worth $1,286,000 after buying an additional 9,540 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Brink’s during the 2nd quarter valued at $5,992,000. Paralel Advisors LLC purchased a new stake in shares of Brink’s during the 2nd quarter valued at $2,106,000. Engineers Gate Manager LP lifted its holdings in shares of Brink’s by 49.4% during the 2nd quarter. Engineers Gate Manager LP now owns 37,669 shares of the business services provider’s stock worth $3,559,000 after acquiring an additional 12,457 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Brink’s during the 2nd quarter worth $31,028,000. Institutional investors own 94.96% of the company’s stock.

About Brink’s

Brink’s Company (NYSE: BCO) is a global provider of security and logistics services. The company helps businesses, financial institutions, retailers, governments and other organizations protect, transport and manage cash, valuables and other high-value assets.

Its services include secure transportation, cash-in-transit operations, ATM replenishment and servicing, cash processing, vaulting, cash management and related payment services. Brink’s also provides international logistics for precious metals, jewelry, gemstones, artwork and other valuables through its Brink’s Global Services business.

Founded in 1859, Brink’s serves customers across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region through a worldwide network of employees, vehicles and facilities.