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

The Brink’s Company (NYSE:BCO) shares reached 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 traded. The stock had previously closed at $84.79.

Analyst Upgrades and Downgrades

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

Brink’s Stock Down 1.6 %

The firm’s 50 day moving average price is $91.98 and its two-hundred day moving average price is $98.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market capitalization of $3.60 billion, a P/E ratio of 31.61 and a beta of 1.42.

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 analysts’ consensus estimates of $1.86 by $0.26. The company had revenue of $1.26 billion during 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%. Equities research analysts forecast that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were paid a $0.2425 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.16%. Brink’s’s dividend payout ratio (DPR) is currently 26.87%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BCO. Mather Group LLC. increased its stake in Brink’s by 146.2% during the 4th 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 period. Sierra Ocean LLC bought a new position in shares of Brink’s in the fourth quarter worth about $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Brink’s in the 4th quarter valued at approximately $55,000. Aquatic Capital Management LLC bought a new stake in shares of Brink’s during the 4th quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. increased its position in Brink’s by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after purchasing an additional 407 shares in the last quarter. 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.