Brink's (NYSE:BCO) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research has downgraded Brink's (NYSE: BCO) stock from a strong-buy to a hold rating, with a consensus price target of $138.00.
• The company's quarterly earnings report revealed an earnings per share (EPS) of $1.79, exceeding analyst estimates and showing a revenue increase of 3.8% year-over-year.
• In recent transactions, insiders have sold a significant amount of stock, with directors selling over 26,570 shares in total during the last quarter.

Brink's (NYSE:BCO - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Wall Street Zen upgraded Brink's from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Weiss Ratings restated a "hold (c+)" rating on shares of Brink's in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $138.00.

Brink's Trading Down 1.7%

BCO stock opened at $113.05 on Monday. Brink's has a 1-year low of $80.10 and a 1-year high of $118.60. The firm has a market cap of $4.71 billion, a P/E ratio of 30.55 and a beta of 1.44. The business's 50 day moving average is $110.37 and its 200-day moving average is $96.02. 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 released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $1.67 EPS. The company's revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Brink's will post 6.49 earnings per share for the current fiscal year.

Insider Transactions at Brink's

In other news, Director Arthelbert Louis Parker sold 540 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the transaction, the director owned 6,603 shares of the company's stock, valued at $759,345. This represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith R. Wyche sold 475 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the transaction, the director directly owned 3,682 shares in the company, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,570 shares of company stock worth $2,900,153 in the last quarter. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Brink's during the 2nd quarter worth $45,512,000. Simcoe Capital Management LLC acquired a new stake in Brink's during the 2nd quarter worth $43,465,000. Fourth Sail Capital LP acquired a new stake in Brink's during the 2nd quarter worth $25,135,000. Boston Partners raised its stake in Brink's by 80.3% during the 2nd quarter. Boston Partners now owns 548,366 shares of the business services provider's stock worth $48,916,000 after buying an additional 244,242 shares during the period. Finally, First Trust Advisors LP increased its holdings in Brink's by 100.6% during the 2nd quarter. First Trust Advisors LP now owns 405,199 shares of the business services provider's stock worth $36,180,000 after purchasing an additional 203,251 shares in the last quarter. Institutional investors and hedge funds 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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