Brink’s (NYSE:BCO) Trading Down 7.1%

The Brink’s Company (NYSE:BCO) was down 7.1% during trading on Wednesday . The company traded as low as $93.25 and last traded at $94.25. Approximately 98,774 shares were traded during trading, a decline of 60% from the average daily volume of 243,916 shares. The stock had previously closed at $101.46.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $106.50.

Brink’s Price Performance

The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 36.08 and a beta of 1.46. The company has a 50-day simple moving average of $103.51 and a two-hundred day simple moving average of $93.05. The company has a debt-to-equity ratio of 6.37, a quick ratio of 1.46 and a current ratio of 1.46.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, May 8th. The business services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.23 by $0.29. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Brink’s Company will post 7.56 EPS for the current year.

Brink’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be paid a dividend of $0.2425 per share. The ex-dividend date is Monday, July 29th. This represents a $0.97 annualized dividend and a dividend yield of 1.03%. Brink’s’s dividend payout ratio is currently 37.16%.

Institutional Trading of Brink’s

Several institutional investors have recently added to or reduced their stakes in BCO. Raymond James & Associates boosted its stake in Brink’s by 0.7% in the 4th quarter. Raymond James & Associates now owns 47,783 shares of the business services provider’s stock valued at $4,203,000 after purchasing an additional 340 shares during the period. New York State Teachers Retirement System raised its holdings in Brink’s by 4.9% in the 4th quarter. New York State Teachers Retirement System now owns 71,543 shares of the business services provider’s stock valued at $6,292,000 after acquiring an additional 3,327 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Brink’s by 4.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,420 shares of the business services provider’s stock valued at $1,884,000 after acquiring an additional 864 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Brink’s by 2,362.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 35,902 shares of the business services provider’s stock valued at $3,158,000 after acquiring an additional 34,444 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Brink’s in the 4th quarter valued at $871,000. 94.96% of the stock is currently owned by institutional investors.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.