Brink’s (NYSE:BCO) Reaches New 1-Year Low – Should You Sell?

The Brink’s Company (NYSE:BCO)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $82.78 and last traded at $83.65, with a volume of 415188 shares trading hands. The stock had previously closed at $85.81.

Wall Street Analysts Forecast Growth

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

Brink’s Price Performance

The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 31.69 and a beta of 1.42. 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’s 50 day simple moving average is $91.06 and its 200-day simple moving average is $97.68.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Equities research analysts anticipate that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s payout ratio is 26.87%.

Institutional Trading of Brink’s

Hedge funds and other institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its position in Brink’s by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider’s stock valued at $3,632,000 after purchasing an additional 142 shares during the period. Mather Group LLC. lifted its holdings in shares of Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after buying an additional 174 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Brink’s by 3.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock worth $491,000 after buying an additional 184 shares during the last quarter. Vise Technologies Inc. grew its holdings in Brink’s by 3.4% during the fourth quarter. Vise Technologies Inc. now owns 5,656 shares of the business services provider’s stock worth $525,000 after acquiring an additional 188 shares during the period. Finally, Investment House LLC raised its position in Brink’s by 7.0% during the fourth quarter. Investment House LLC now owns 2,920 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds 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.