Brink's (NYSE:BCO) Sets New 52-Week High - Should You 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)'s share price 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.

Analyst Ratings Changes

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

Brink's Trading Down 0.2%

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's 50 day moving average price is $103.17 and its 200-day moving average price is $92.82. The stock has a market capitalization of $4.79 billion, a P/E ratio of 31.06 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, beating 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 firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm earned $1.67 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

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

Insider Buying and Selling at Brink's

In other Brink's news, Director Arthelbert Louis Parker sold 540 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $62,100.00. Following the completion of the sale, the director directly owned 6,603 shares in the company, valued at $759,345. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael E. Sweeney sold 1,314 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total transaction of $130,151.70. Following the completion of the sale, the insider owned 10,326 shares of the company's stock, valued at approximately $1,022,790.30. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,058 shares of company stock valued at $2,946,513 in the last ninety days. Company insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On Brink's

Institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new stake in Brink's in the fourth quarter valued at approximately $536,000. Principal Financial Group Inc. lifted its stake in shares of Brink's by 1.2% during the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after buying an additional 1,441 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 worth $5,959,000 after buying an additional 9,541 shares during the period. GAMMA Investing LLC lifted its stake in shares of Brink's by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after buying an additional 151 shares during the period. Finally, KBC Group NV lifted its stake in shares of Brink's by 26.1% during the first quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock worth $187,000 after buying an additional 449 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

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.