Brink’s (NYSE:BCO) Reaches New 1-Year Low – Here’s Why

The Brink’s Company (NYSE:BCO) hit a new 52-week low on Thursday . The stock traded as low as $83.38 and last traded at $83.46, with a volume of 293088 shares trading hands. The stock had previously closed at $84.79.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th.

Brink’s Stock Performance

The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $3.70 billion, a PE ratio of 32.52 and a beta of 1.42. The company’s 50 day simple moving average is $91.80 and its 200 day simple moving average is $98.73.

Brink’s (NYSE:BCO) last posted 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 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%. Analysts expect that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were paid 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 1.13%. Brink’s’s payout ratio is currently 26.87%.

Institutional Investors Weigh In On Brink’s

Several large investors have recently modified their holdings of BCO. US Bancorp DE increased its stake in shares of Brink’s by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after purchasing an additional 105 shares during the last quarter. Assetmark Inc. increased its stake in shares of Brink’s by 2,436.7% during the 3rd quarter. Assetmark Inc. now owns 7,813 shares of the business services provider’s stock worth $903,000 after purchasing an additional 7,505 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Brink’s during the 3rd quarter worth approximately $272,000. Crossmark Global Holdings Inc. increased its stake in shares of Brink’s by 15.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,296 shares of the business services provider’s stock worth $381,000 after purchasing an additional 434 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Brink’s by 33.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,391 shares of the business services provider’s stock worth $2,474,000 after buying an additional 5,307 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

About Brink’s

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.