Brink’s (NYSE:BCO) Upgraded to “Strong-Buy” by StockNews.com

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

Other research analysts have also issued research reports about the stock. TheStreet raised shares of Brink’s from a c+ rating to a b rating in a research report on Wednesday, February 22nd. Truist Financial increased their target price on shares of Brink’s from $78.00 to $90.00 and gave the stock a buy rating in a report on Friday, March 24th.

Brink’s Stock Performance

Shares of BCO stock opened at $65.32 on Tuesday. The company has a market capitalization of $3.03 billion, a P/E ratio of 26.66 and a beta of 1.35. The business’s 50 day moving average is $64.21 and its two-hundred day moving average is $61.94. Brink’s has a 12-month low of $48.38 and a 12-month high of $70.05. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.74.

Brink’s (NYSE:BCO – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The business services provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.22. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Brink’s had a return on equity of 69.23% and a net margin of 3.81%. Brink’s’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. Analysts expect that Brink’s will post 6.64 EPS for the current fiscal year.

Brink’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Brink’s’s previous quarterly dividend of $0.20. Brink’s’s dividend payout ratio (DPR) is currently 35.92%.

Insider Activity

In related news, Director Michael J. Herling sold 3,089 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $66.60, for a total value of $205,727.40. Following the transaction, the director now owns 11,776 shares in the company, valued at $784,281.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Michael F. Beech sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $67.26, for a total value of $1,513,350.00. Following the completion of the transaction, the executive vice president now owns 53,457 shares in the company, valued at approximately $3,595,517.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Herling sold 3,089 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $66.60, for a total transaction of $205,727.40. Following the sale, the director now owns 11,776 shares of the company’s stock, valued at approximately $784,281.60. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.

Hedge Funds Weigh In On Brink’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its stake in shares of Brink’s by 1.6% during the third quarter. Lazard Asset Management LLC now owns 32,477 shares of the business services provider’s stock worth $1,573,000 after purchasing an additional 520 shares during the period. Teza Capital Management LLC bought a new position in Brink’s in the third quarter valued at $326,000. AlphaCrest Capital Management LLC boosted its position in Brink’s by 692.5% during the third quarter. AlphaCrest Capital Management LLC now owns 26,842 shares of the business services provider’s stock valued at $1,300,000 after buying an additional 23,455 shares during the period. New York State Teachers Retirement System lifted its holdings in Brink’s by 5.4% in the third quarter. New York State Teachers Retirement System now owns 76,236 shares of the business services provider’s stock worth $3,693,000 after buying an additional 3,881 shares during the period. Finally, Swiss National Bank increased its position in shares of Brink’s by 2.2% during the fourth quarter. Swiss National Bank now owns 114,000 shares of the business services provider’s stock valued at $6,123,000 after acquiring an additional 2,500 shares in the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

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.