Brink's (NYSE:BCO) Sets New 52-Week High - Time to Buy?

Key Points

• Brink's Company's stock reached a new 52-week high of $118.20, trading with a volume of 82,055 shares.
• Analysts have upgraded Brink's from a "hold" to a "strong-buy" rating, with an average target price of $138.00.
• The company reported earnings of $1.79 EPS for the last quarter, surpassing estimates and showing a revenue increase of 3.8% year-over-year.

Brink's Company (The) (NYSE:BCO - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $117.99 and last traded at $118.20, with a volume of 82055 shares trading hands. The stock had previously closed at $116.86.

Analysts Set New Price Targets

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

Brink's Trading Up 1.3%

The stock has a market capitalization of $4.93 billion, a PE ratio of 31.98 and a beta of 1.48. The firm has a 50-day moving average price of $108.04 and a 200-day moving average price of $94.99. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm posted $1.67 EPS. The business's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

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

Insider Transactions at Brink's

In other news, Director Keith R. Wyche sold 475 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $106.15, for a total transaction of $50,421.25. Following the sale, the director directly owned 3,682 shares in the company, valued at $390,844.30. This represents a 11.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael E. Sweeney sold 746 shares of the business'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 transaction of $85,790.00. Following the transaction, the insider directly owned 7,785 shares of the company's stock, valued at approximately $895,275. This represents a 8.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,058 shares of company stock worth $2,946,513. Insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On Brink's

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xponance Inc. grew its holdings in shares of Brink's by 2.0% during the first quarter. Xponance Inc. now owns 6,372 shares of the business services provider's stock worth $549,000 after purchasing an additional 128 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in Brink's by 32.0% in the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after purchasing an additional 130 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Brink's by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,112 shares of the business services provider's stock valued at $440,000 after purchasing an additional 135 shares during the last quarter. GAMMA Investing LLC lifted its position in Brink's by 16.2% in the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after purchasing an additional 151 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Brink's by 20.2% during the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock valued at $89,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other 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.

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