Brink's (NYSE:BCO) Reaches New 12-Month High - Time to Buy?

Key Points

• Brink's Company shares reached a new 52-week high of $116.32, showing a significant rise from its previous close of $114.25, with a trading volume of 19,545 shares.
• Wall Street Zen upgraded Brink's rating from "hold" to "strong-buy," with an average target price set at $138.00, indicating a positive outlook among analysts.
• The company reported a quarterly EPS of $1.79, exceeding analyst expectations, with a revenue of $1.30 billion, reflecting a year-over-year growth of 3.8%.

Brink's Company (The) (NYSE:BCO - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $116.06 and last traded at $116.32, with a volume of 19545 shares traded. The stock had previously closed at $114.25.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Brink's from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $138.00.

Brink's Trading Up 2.2%

The business's 50 day simple moving average is $101.87 and its two-hundred day simple moving average is $92.38. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The stock has a market cap of $4.86 billion, a P/E ratio of 31.52 and a beta of 1.48.

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

Brink's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, July 28th. Brink's's dividend payout ratio (DPR) is currently 27.57%.

Insider Buying and Selling

In other news, insider Michael E. Sweeney sold 746 shares of the firm's stock in a transaction on 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 directly owned 7,785 shares in the company, valued at $895,275. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthelbert Louis Parker sold 540 shares of Brink's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $62,100.00. Following the completion of the sale, the director owned 6,603 shares in the company, valued at approximately $759,345. This represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,058 shares of company stock valued at $2,946,513. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Brink's in the second quarter valued at approximately $32,000. UMB Bank n.a. boosted its position in shares of Brink's by 1,450.0% in the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after purchasing an additional 464 shares during the period. Hexagon Capital Partners LLC boosted its stake in Brink's by 32.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after purchasing an additional 130 shares during the period. CWM LLC lifted its position in Brink's by 53.8% during the 2nd quarter. CWM LLC now owns 512 shares of the business services provider's stock worth $46,000 after acquiring an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Brink's by 161.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock worth $47,000 after acquiring an additional 323 shares during the period. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Company Profile

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.

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