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

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

Brink’s Stock Down 2.0 %

Shares of NYSE:BCO opened at $87.61 on Friday. The stock’s 50-day moving average is $92.33 and its 200 day moving average is $99.22. The company has a market cap of $3.78 billion, a PE ratio of 33.18 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. Brink’s has a 1 year low of $82.94 and a 1 year high of $115.91.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.86 by $0.26. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Sell-side analysts anticipate that Brink’s will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a dividend of $0.2425 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.11%. Brink’s’s dividend payout ratio is presently 26.87%.

Hedge Funds Weigh In On Brink’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. grew its stake in shares of Brink’s by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after acquiring an additional 174 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Brink’s during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in Brink’s during the 4th quarter valued at about $55,000. Aquatic Capital Management LLC bought a new position in shares of Brink’s in the fourth quarter worth approximately $56,000. Finally, First Horizon Advisors Inc. increased its position in shares of Brink’s by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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.