Brink’s (NYSE:BCO) Reaches New 1-Year High on Analyst Upgrade

The Brink’s Company (NYSE:BCO) shares hit a new 52-week high during trading on Monday after Truist Financial raised their price target on the stock from $110.00 to $144.00. Truist Financial currently has a buy rating on the stock. Brink’s traded as high as $114.49 and last traded at $113.47, with a volume of 20582 shares changing hands. The stock had previously closed at $112.93.

Separately, StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $123.50.

Institutional Trading of Brink’s

A number of institutional investors have recently made changes to their positions in BCO. Covestor Ltd boosted its position in Brink’s by 154.8% during the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. LRI Investments LLC purchased a new position in Brink’s in the 1st quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in shares of Brink’s during the 2nd quarter worth approximately $37,000. GAMMA Investing LLC grew its position in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 250 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Brink’s in the second quarter valued at approximately $47,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Stock Performance

The firm has a fifty day moving average of $105.74 and a 200 day moving average of $98.57. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 43.27 and a beta of 1.43. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.47 by $0.20. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. As a group, sell-side analysts forecast that The Brink’s Company will post 7.51 EPS for the current year.

Brink’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.85%. Brink’s’s payout ratio is 37.16%.

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.