Brink’s (NYSE:BCO) Hits New 12-Month High Following Dividend Announcement

Shares of The Brink’s Company (NYSE:BCO) reached a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $105.60 and last traded at $105.50, with a volume of 4969 shares trading hands. The stock had previously closed at $104.22.

The newly announced dividend which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 29th will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 0.92%. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on shares of Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating for the company. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $106.50.

Brink’s Trading Up 1.3 %

The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 39.91 and a beta of 1.46. The company’s fifty day moving average price is $100.18 and its 200-day moving average price is $90.16.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.29. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that The Brink’s Company will post 7.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brink’s

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CHICAGO TRUST Co NA acquired a new position in Brink’s in the 2nd quarter worth approximately $210,000. Harbor Capital Advisors Inc. increased its holdings in Brink’s by 269.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,720 shares of the business services provider’s stock worth $1,303,000 after buying an additional 9,281 shares during the period. GAMMA Investing LLC increased its holdings in Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after buying an additional 250 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Brink’s in the 1st quarter worth approximately $300,000. Finally, LRI Investments LLC acquired a new position in Brink’s in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Company Profile

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.