The Brink’s (NYSE:BCO) Trading Down 5.4%

The Brink’s Company (NYSE:BCO) shares dropped 5.4% during trading on Thursday . The stock traded as low as $73.31 and last traded at $73.61. Approximately 2,960 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 248,680 shares. The stock had previously closed at $77.83.

Separately, Zacks Investment Research downgraded The Brink’s from a “buy” rating to a “hold” rating in a report on Tuesday, June 29th.

The stock has a fifty day simple moving average of $76.71. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 10.78. The stock has a market capitalization of $3.66 billion, a PE ratio of 141.51 and a beta of 1.55.

The Brink’s (NYSE:BCO) last posted its quarterly earnings data on Thursday, July 22nd. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.19. The Brink’s had a return on equity of 102.22% and a net margin of 0.74%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. On average, research analysts forecast that The Brink’s Company will post 4.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 1st. Shareholders of record on Monday, July 26th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, July 23rd. The Brink’s’s dividend payout ratio is 21.28%.

In other The Brink’s news, SVP James K. Parks sold 10,281 shares of the company’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $72.95, for a total transaction of $749,998.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.64% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of The Brink’s by 2.9% during the 1st quarter. BlackRock Inc. now owns 6,122,240 shares of the business services provider’s stock valued at $485,066,000 after acquiring an additional 175,385 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of The Brink’s by 1.6% during the 1st quarter. William Blair Investment Management LLC now owns 5,332,539 shares of the business services provider’s stock valued at $422,497,000 after acquiring an additional 83,819 shares during the last quarter. Waddell & Reed Financial Inc. raised its position in shares of The Brink’s by 12.9% during the 1st quarter. Waddell & Reed Financial Inc. now owns 1,405,943 shares of the business services provider’s stock valued at $111,393,000 after acquiring an additional 160,548 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of The Brink’s by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 916,708 shares of the business services provider’s stock valued at $66,002,000 after acquiring an additional 4,486 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in The Brink’s by 8.5% during the 1st quarter. Geode Capital Management LLC now owns 788,485 shares of the business services provider’s stock worth $62,471,000 after purchasing an additional 61,912 shares in the last quarter. Institutional investors own 97.80% of the company’s stock.

The Brink’s Company Profile (NYSE:BCO)

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, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services.

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