Brink’s (NYSE:BCO) Hits New 12-Month High at $115.24

The Brink’s Company (NYSE:BCO) reached a new 52-week high on Monday . The stock traded as high as $115.24 and last traded at $114.92, with a volume of 49219 shares changing hands. The stock had previously closed at $114.35.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial boosted their price objective on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brink’s has a consensus rating of “Buy” and an average target price of $123.50.

Brink’s Stock Up 0.6 %

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The company has a market capitalization of $5.11 billion, a P/E ratio of 43.81 and a beta of 1.43. The company has a 50 day simple moving average of $106.44 and a two-hundred day simple moving average of $99.57.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. The firm had revenue of $1.25 billion during 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%. Brink’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. As a group, equities analysts predict that The Brink’s Company will post 7.47 EPS for the current year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, November 4th. Brink’s’s payout ratio is presently 37.16%.

Institutional Investors Weigh In On Brink’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. Covestor Ltd grew its position in Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. LRI Investments LLC purchased a new stake in shares of Brink’s during the 1st quarter worth about $37,000. Headlands Technologies LLC purchased a new position in Brink’s in the 2nd quarter valued at about $37,000. GAMMA Investing LLC lifted its stake in Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after buying an additional 250 shares in the last quarter. Finally, MFA Wealth Advisors LLC purchased a new position in Brink’s in the 2nd quarter valued at about $47,000. 94.96% of the stock is owned by institutional investors and hedge funds.

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.