Brink’s (NYSE:BCO) Sets New 52-Week High at $109.48

The Brink’s Company (NYSE:BCO) reached a new 52-week high during trading on Wednesday . The company traded as high as $109.48 and last traded at $108.81, with a volume of 3626 shares changing hands. The stock had previously closed at $108.99.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on shares of Brink’s in a research report on Tuesday, May 21st. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brink’s has a consensus rating of “Buy” and an average price target of $106.50.

Brink’s Price Performance

The firm has a market capitalization of $4.74 billion, a P/E ratio of 41.44 and a beta of 1.46. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37. The firm has a 50 day moving average price of $102.09 and a 200-day moving average price of $91.32.

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

Brink’s Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 29th will be issued a dividend of $0.2425 per share. The ex-dividend date is Monday, July 29th. This represents a $0.97 annualized dividend and a yield of 0.91%. Brink’s’s payout ratio is 37.16%.

Institutional Investors Weigh In On Brink’s

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Brink’s in the 4th quarter valued at $21,375,000. Fourth Sail Capital LP bought a new position in shares of Brink’s in the first quarter worth about $11,501,000. Knights of Columbus Asset Advisors LLC increased its stake in Brink’s by 318.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock worth $10,199,000 after buying an additional 88,282 shares during the period. Lazard Asset Management LLC lifted its holdings in Brink’s by 375.2% during the 1st quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock valued at $9,207,000 after buying an additional 78,700 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Brink’s in the 2nd quarter valued at about $7,700,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

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.