Brink’s Company (The) (NYSE:BCO – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $122.67 and last traded at $122.63, with a volume of 202904 shares trading hands. The stock had previously closed at $118.97.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on BCO. Weiss Ratings raised shares of Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Zacks Research downgraded shares of Brink’s from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Brink’s currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on Brink’s
Brink’s Stock Up 2.5%
Brink’s (NYSE:BCO – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The business services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.01). Brink’s had a return on equity of 93.16% and a net margin of 3.31%.The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Brink’s has set its Q4 2025 guidance at 2.280-2.680 EPS. Sell-side analysts anticipate that Brink’s Company will post 6.49 EPS for the current year.
Brink’s announced that its Board of Directors has initiated a share repurchase program on Thursday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the business services provider to purchase up to 15.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Insider Buying and Selling
In other Brink’s news, insider Michael E. Sweeney sold 1,418 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $119.50, for a total transaction of $169,451.00. Following the completion of the transaction, the insider owned 5,755 shares of the company’s stock, valued at $687,722.50. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by insiders.
Hedge Funds Weigh In On Brink’s
Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Brink’s in the second quarter valued at $45,512,000. Simcoe Capital Management LLC purchased a new position in Brink’s during the 2nd quarter valued at about $43,465,000. Fourth Sail Capital LP acquired a new position in Brink’s in the 2nd quarter valued at about $25,135,000. Boston Partners increased its stake in Brink’s by 80.3% during the second quarter. Boston Partners now owns 548,366 shares of the business services provider’s stock worth $48,916,000 after purchasing an additional 244,242 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Brink’s by 100.6% during the second quarter. First Trust Advisors LP now owns 405,199 shares of the business services provider’s stock worth $36,180,000 after purchasing an additional 203,251 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
About Brink’s
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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