Brink’s (NYSE:BCO) Trading Down 4.6%

The Brink’s Company (NYSE:BCO)’s share price dropped 4.6% during mid-day trading on Wednesday . The stock traded as low as $107.95 and last traded at $108.92. Approximately 53,193 shares changed hands during trading, a decline of 79% from the average daily volume of 254,828 shares. The stock had previously closed at $114.23.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BCO shares. Truist Financial boosted their target price on shares of 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $123.50.

Brink’s Stock Performance

The firm’s 50 day moving average is $106.71 and its 200-day moving average is $100.00. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 42.49 and a beta of 1.43. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Analysts forecast that The Brink’s Company will post 7.47 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently disclosed 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. This represents a $0.97 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, November 4th. Brink’s’s payout ratio is currently 37.16%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BCO. Vanguard Group Inc. raised its position in Brink’s by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after acquiring an additional 63,853 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Brink’s by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock worth $103,079,000 after purchasing an additional 3,319 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in Brink’s by 4.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock valued at $85,811,000 after buying an additional 41,678 shares in the last quarter. LSV Asset Management boosted its holdings in Brink’s by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after buying an additional 795,961 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Brink’s by 9.9% during the 2nd quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock worth $24,111,000 after buying an additional 21,194 shares in the last quarter. 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.