Brink’s (NYSE:BCO) Sets New 1-Year High at $90.15

The Brink’s Company (NYSE:BCO) reached a new 52-week high on Tuesday . The stock traded as high as $90.15 and last traded at $90.06, with a volume of 22061 shares changing hands. The stock had previously closed at $88.98.

Analysts Set New Price Targets

Several research firms have recently weighed in on BCO. TheStreet downgraded Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Truist Financial raised their target price on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group increased their price target on Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a report on Friday, March 1st.

Brink’s Stock Performance

The company has a debt-to-equity ratio of 6.27, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 50.05 and a beta of 1.39. The firm has a fifty day moving average of $83.00 and a 200 day moving average of $79.35.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27. Brink’s had a return on equity of 55.36% and a net margin of 1.77%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $2.10 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Brink’s Company will post 7.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 5th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.88 annualized dividend and a yield of 0.97%. Brink’s’s dividend payout ratio (DPR) is 48.35%.

Insiders Place Their Bets

In other Brink’s 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 completion of the sale, the director now owns 665 shares of the company’s stock, valued at $54,776.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Brink’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. Blue Trust Inc. raised its holdings in shares of Brink’s by 60.3% in the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after buying an additional 141 shares during the period. IFP Advisors Inc raised its holdings in shares of Brink’s by 904.0% in the 3rd quarter. IFP Advisors Inc now owns 502 shares of the business services provider’s stock valued at $36,000 after buying an additional 452 shares during the period. Covestor Ltd raised its holdings in shares of Brink’s by 225.7% in the 3rd quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock valued at $36,000 after buying an additional 343 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Brink’s in the 1st quarter valued at $36,000. Finally, FinTrust Capital Advisors LLC purchased a new stake in shares of Brink’s in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

About Brink’s

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.