ValuEngine downgraded shares of Brink’s (NYSE:BCO) from a buy rating to a hold rating in a research report report published on Friday morning.
A number of other research firms have also weighed in on BCO. SunTrust Banks reissued a buy rating and issued a $98.00 target price on shares of Brink’s in a research note on Wednesday, October 18th. Sidoti initiated coverage on shares of Brink’s in a research note on Friday, October 20th. They issued a buy rating on the stock. Zacks Investment Research raised shares of Brink’s from a hold rating to a strong-buy rating and set a $97.00 target price on the stock in a research note on Tuesday, October 10th. Finally, Imperial Capital raised shares of Brink’s from an in-line rating to an outperform rating and raised their target price for the stock from $72.00 to $86.00 in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $93.67.
Brink’s (NYSE BCO) traded down $1.00 on Friday, reaching $79.85. 475,300 shares of the company’s stock were exchanged, compared to its average volume of 425,220. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21. Brink’s has a twelve month low of $38.48 and a twelve month high of $87.30. The stock has a market cap of $4,031.10, a price-to-earnings ratio of 27.44 and a beta of 1.71.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, November 10th. Brink’s’s payout ratio is presently 37.97%.
In related news, CFO Ronald James Domanico bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average price of $77.49 per share, for a total transaction of $232,470.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter A. Feld sold 27,000 shares of Brink’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $80.83, for a total transaction of $2,182,410.00. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 15,150 shares of company stock worth $1,163,463. Corporate insiders own 10.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its holdings in Brink’s by 22.5% in the 2nd quarter. Prudential Financial Inc. now owns 448,200 shares of the business services provider’s stock valued at $30,029,000 after purchasing an additional 82,220 shares during the last quarter. AHL Partners LLP acquired a new stake in Brink’s in the 2nd quarter valued at approximately $919,000. First Trust Advisors LP increased its holdings in Brink’s by 330.5% in the 2nd quarter. First Trust Advisors LP now owns 43,147 shares of the business services provider’s stock valued at $2,891,000 after purchasing an additional 33,125 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Brink’s in the 2nd quarter valued at approximately $310,000. Finally, State Treasurer State of Michigan acquired a new stake in Brink’s in the 3rd quarter valued at approximately $1,601,000. Hedge funds and other institutional investors own 90.56% of the company’s stock.
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The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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