StockNews.com Downgrades Brink’s (NYSE:BCO) to Buy

StockNews.com cut shares of Brink’s (NYSE:BCO) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Brink’s Price Performance

NYSE BCO opened at $87.61 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. Brink’s has a 12 month low of $82.94 and a 12 month high of $115.91. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 33.18 and a beta of 1.42. The company’s 50 day moving average is $92.33 and its two-hundred day moving average is $99.22.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.86 by $0.26. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. As a group, research analysts anticipate that Brink’s will post 6.49 earnings per share for the current year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is presently 26.87%.

Hedge Funds Weigh In On Brink’s

Several institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its holdings in shares of Brink’s by 13.6% during the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock valued at $6,487,000 after purchasing an additional 8,352 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Brink’s by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock valued at $27,901,000 after buying an additional 23,781 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Brink’s by 3.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock valued at $491,000 after buying an additional 184 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Brink’s in the 3rd quarter worth approximately $1,497,000. Finally, Wellington Management Group LLP increased its stake in Brink’s by 203.5% in the 3rd quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock worth $8,059,000 after acquiring an additional 46,729 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.