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

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

Brink’s Stock Performance

Shares of BCO stock opened at $89.50 on Friday. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. Brink’s has a one year low of $82.94 and a one year high of $115.91. The company’s 50-day simple moving average is $92.33 and its 200-day simple moving average is $99.28. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 33.90 and a beta of 1.42.

Brink’s (NYSE:BCO) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Equities analysts anticipate that Brink’s will post 6.49 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 yield of 1.08%. Brink’s’s dividend payout ratio (DPR) is 26.87%.

Institutional Investors Weigh In On Brink’s

Institutional investors and hedge funds have recently bought and sold shares of the business. Brucke Financial Inc. acquired a new stake in shares of Brink’s in the fourth quarter valued at approximately $351,000. Jefferies Financial Group Inc. acquired a new stake in shares of Brink’s in the fourth quarter valued at approximately $430,000. Vise Technologies Inc. increased its stake in shares of Brink’s by 3.4% in the fourth quarter. Vise Technologies Inc. now owns 5,656 shares of the business services provider’s stock valued at $525,000 after purchasing an additional 188 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Brink’s by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,745 shares of the business services provider’s stock valued at $9,439,000 after purchasing an additional 16,449 shares during the period. Finally, Vident Advisory LLC increased its stake in shares of Brink’s by 6.7% in the fourth quarter. Vident Advisory LLC now owns 9,230 shares of the business services provider’s stock valued at $856,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds 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.