Weiss Ratings Reiterates "Hold (C+)" Rating for Brink's (NYSE:BCO)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Brink's (NYSE: BCO), indicating a cautious outlook on the company's stock performance.
• Brink's reported a quarterly earnings per share (EPS) of $1.79, exceeding analysts' expectations of $1.43, along with a revenue increase of 3.8% year-over-year.
• Insider selling activity has been noted, with significant share sales by directors, indicating potential changes in internal confidence about the company's future.

Brink's (NYSE:BCO - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on BCO. Zacks Research downgraded shares of Brink's from a "strong-buy" rating to a "hold" rating in a research report on Monday. 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 and two have issued a Hold rating to the company. According to data from MarketBeat, Brink's presently has an average rating of "Hold" and a consensus target price of $138.00.

Brink's Trading Up 1.6%

Shares of NYSE:BCO traded up $1.80 on Wednesday, hitting $114.84. The company had a trading volume of 181,518 shares, compared to its average volume of 309,230. Brink's has a 1 year low of $80.10 and a 1 year high of $118.60. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 31.04 and a beta of 1.44. The firm's 50-day simple moving average is $110.37 and its two-hundred day simple moving average is $96.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84.

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

Insider Buying and Selling

In other Brink's news, Director Arthelbert Louis Parker sold 540 shares of Brink's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $62,100.00. Following the sale, the director directly owned 6,603 shares in the company, valued at $759,345. The trade was a 7.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith R. Wyche sold 475 shares of the business's stock in a transaction that occurred 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 sale, the director owned 3,682 shares of the company's stock, valued at $390,844.30. This trade represents a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,570 shares of company stock valued at $2,900,153. Insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Caldwell Trust Co acquired a new stake in Brink's in the 2nd quarter valued at approximately $27,000. Trust Co. of Toledo NA OH bought a new stake in shares of Brink's during the second quarter worth $32,000. UMB Bank n.a. grew its holdings in shares of Brink's by 1,450.0% during the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after purchasing an additional 464 shares during the last quarter. CWM LLC grew its holdings in shares of Brink's by 53.8% during the second quarter. CWM LLC now owns 512 shares of the business services provider's stock worth $46,000 after purchasing an additional 179 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Brink's by 161.5% during the second 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 last quarter. 94.96% of the stock is owned by institutional investors.

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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