Brink’s (NYSE:BCO) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Brink’s (NYSE:BCO) from a sell rating to a hold rating in a research report sent to investors on Thursday, September 20th.
According to Zacks, “The Brinks Company is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Their customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Their global network of operations in 41 countries serves customers in more than 100 countries. “
BCO has been the topic of a number of other research reports. TheStreet upgraded Brink’s from a c+ rating to a b- rating in a report on Tuesday, June 12th. ValuEngine upgraded Brink’s from a hold rating to a buy rating in a report on Monday, July 2nd. Buckingham Research upped their price target on Brink’s from $100.00 to $110.00 and gave the stock a buy rating in a report on Thursday, May 31st. Finally, Berenberg Bank initiated coverage on Brink’s in a report on Wednesday, September 12th. They issued a buy rating and a $90.00 price target on the stock. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $95.67.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, July 25th. The business services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $795.75 million. Brink’s had a positive return on equity of 46.24% and a negative net margin of 3.39%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities analysts forecast that Brink’s will post 3.41 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, November 8th. Brink’s’s dividend payout ratio (DPR) is presently 19.80%.
In other Brink’s news, insider Amit Zukerman sold 5,000 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $79.41, for a total transaction of $397,050.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ronald James Domanico purchased 2,000 shares of Brink’s stock in a transaction on Friday, September 7th. The shares were acquired at an average cost of $69.45 per share, for a total transaction of $138,900.00. The disclosure for this purchase can be found here. Corporate insiders own 2.48% of the company’s stock.
Several institutional investors have recently modified their holdings of BCO. Vaughan Nelson Investment Management L.P. raised its position in shares of Brink’s by 36.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,369,402 shares of the business services provider’s stock worth $109,210,000 after buying an additional 364,925 shares during the period. MetLife Investment Advisors LLC raised its position in shares of Brink’s by 5.2% in the 2nd quarter. MetLife Investment Advisors LLC now owns 54,876 shares of the business services provider’s stock worth $4,376,000 after buying an additional 2,716 shares during the period. Bank of America Corp DE raised its position in shares of Brink’s by 54.4% in the 2nd quarter. Bank of America Corp DE now owns 354,276 shares of the business services provider’s stock worth $28,253,000 after buying an additional 124,829 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Brink’s by 20.8% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,293,132 shares of the business services provider’s stock worth $103,127,000 after buying an additional 222,867 shares during the period. Finally, Voya Investment Management LLC raised its position in shares of Brink’s by 5.8% in the 2nd quarter. Voya Investment Management LLC now owns 872,825 shares of the business services provider’s stock worth $69,608,000 after buying an additional 47,609 shares during the period. 98.32% of the stock is currently owned by institutional investors.
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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