StockNews.com Lowers Brink’s (NYSE:BCO) to Buy

StockNews.com cut shares of Brink’s (NYSE:BCO – Get Rating) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

Separately, TheStreet lowered shares of Brink’s from a b- rating to a c rating in a report on Wednesday, October 26th.

Brink’s Price Performance

Shares of BCO opened at $62.42 on Tuesday. The firm has a market capitalization of $2.90 billion, a PE ratio of 17.39 and a beta of 1.33. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.82 and a quick ratio of 1.82. Brink’s has a 1-year low of $48.38 and a 1-year high of $72.13. The company’s fifty day moving average price is $58.30 and its 200-day moving average price is $57.05.

Brink’s (NYSE:BCO – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The business services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.17 billion. Brink’s had a net margin of 3.89% and a return on equity of 80.84%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. On average, equities research analysts predict that Brink’s will post 5.57 EPS for the current year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Monday, February 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, February 3rd. Brink’s’s payout ratio is 22.28%.

Institutional Investors Weigh In On Brink’s

Hedge funds have recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. purchased a new stake in Brink’s in the second quarter valued at $35,000. Bessemer Group Inc. purchased a new stake in Brink’s in the third quarter valued at $30,000. Captrust Financial Advisors boosted its holdings in Brink’s by 47.1% in the first quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 376 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Brink’s by 15.0% in the second quarter. Russell Investments Group Ltd. now owns 1,427 shares of the business services provider’s stock worth $86,000 after acquiring an additional 186 shares during the period. Finally, Acropolis Investment Management LLC acquired a new position in shares of Brink’s in the fourth quarter worth about $107,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

Brink’s Company Profile

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The Brink’s Co provides secure logistics and cash management services. It operates through the following segments: North America, Latin America, Europe and Rest of World. Its logistics and security solutions include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.