Brink's (NYSE:BCO) Reaches New 1-Year High - Still a Buy?

Key Points

• Brink's Company shares reached a new 52-week high of $117.99, closing at $116.72 with a trading volume of 107,433 shares.
• Wall Street Zen upgraded Brink's from a "hold" to a "strong-buy" rating, highlighting a consensus price target of $138.00.
• The company reported earnings of $1.79 per share for the last quarter, surpassing expectations and showing a revenue increase of 3.8% year-over-year.

Brink's Company (The) (NYSE:BCO - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $117.99 and last traded at $116.72, with a volume of 107433 shares trading hands. The stock had previously closed at $114.99.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Brink's from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Brink's presently has a consensus rating of "Buy" and an average price target of $138.00.

Brink's Price Performance

The business's fifty day simple moving average is $104.81 and its 200-day simple moving average is $93.59. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. The firm has a market cap of $4.74 billion, a P/E ratio of 30.75 and a beta of 1.48.

Brink's (NYSE:BCO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.43 by $0.36. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. As a group, analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. Brink's's payout ratio is presently 27.57%.

Insider Activity at Brink's

In other news, insider Michael E. Sweeney sold 746 shares of Brink's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $85,790.00. Following the sale, the insider owned 7,785 shares of the company's stock, valued at approximately $895,275. The trade was a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Castillo sold 21,700 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the transaction, the executive vice president owned 22,188 shares of the company's stock, valued at approximately $2,434,023.60. The trade was a 49.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,058 shares of company stock worth $2,946,513. 0.72% of the stock is currently owned by insiders.

Institutional Trading of Brink's

Several hedge funds have recently bought and sold shares of BCO. Principal Financial Group Inc. lifted its holdings in Brink's by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after purchasing an additional 1,441 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Brink's by 16.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock valued at $5,959,000 after acquiring an additional 9,541 shares in the last quarter. GAMMA Investing LLC increased its holdings in Brink's by 16.2% in the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after acquiring an additional 151 shares during the last quarter. KBC Group NV boosted its holdings in shares of Brink's by 26.1% during the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock valued at $187,000 after purchasing an additional 449 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Brink's during the fourth quarter valued at about $220,000. Institutional investors 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.