Zacks Investment Research lowered shares of Brink's (NYSE:BCO) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
According to Zacks, “The Brink’s Company provides secure transportation, cash management services, and other security-related services worldwide. The company offers cash-in-transit services, including armoured vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second line maintenance; and network infrastructure services. It also provides transportation services for valued commodities, including diamonds, jewellery, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services. “
BCO has been the subject of several other research reports. ValuEngine cut shares of Brink's from a buy rating to a hold rating in a research report on Friday, December 1st. Imperial Capital upped their target price on shares of Brink's from $86.00 to $100.00 and gave the company an outperform rating in a research report on Thursday. Sidoti began coverage on shares of Brink's in a research report on Friday, October 20th. They set a buy rating for the company. Finally, SunTrust Banks reiterated a buy rating and set a $98.00 target price on shares of Brink's in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $97.25.
Brink's (NYSE:BCO) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.75 by $0.08. The company had revenue of $849.50 million during the quarter, compared to analysts’ expectations of $841.57 million. Brink's had a net margin of 2.51% and a return on equity of 35.15%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. research analysts forecast that Brink's will post 3.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, February 7th. Brink's’s dividend payout ratio is currently 37.04%.
In other news, Director George I. Stoeckert acquired 1,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $80.40 per share, for a total transaction of $80,400.00. Following the transaction, the director now directly owns 12,014 shares in the company, valued at $965,925.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Pertz acquired 6,570 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average price of $76.18 per share, with a total value of $500,502.60. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 18,850 shares of company stock valued at $1,461,348. 10.40% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BCO. Tower Research Capital LLC TRC increased its position in shares of Brink's by 285.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,140 shares in the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of Brink's in the 3rd quarter valued at $122,000. Meeder Asset Management Inc. bought a new stake in shares of Brink's in the 3rd quarter valued at $128,000. Riverhead Capital Management LLC increased its position in shares of Brink's by 51.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock valued at $163,000 after buying an additional 829 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Brink's by 493.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock valued at $180,000 after buying an additional 2,227 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
Brink's Company Profile
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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