Brink’s (NYSE:BCO) Sets New 12-Month Low – Here’s What Happened

The Brink’s Company (NYSE:BCO) shares reached a new 52-week low on Monday . The stock traded as low as $75.60 and last traded at $81.80, with a volume of 816 shares traded. The stock had previously closed at $84.39.

Analyst Ratings Changes

Separately, StockNews.com cut Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th.

Brink’s Stock Performance

The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 31.44 and a beta of 1.27. The company’s 50 day simple moving average is $90.07 and its 200 day simple moving average is $96.18.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. On average, equities research analysts anticipate that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were issued a $0.2425 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.17%. Brink’s’s dividend payout ratio is currently 26.87%.

Institutional Investors Weigh In On Brink’s

Institutional investors and hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co raised its holdings in shares of Brink’s by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider’s stock valued at $3,632,000 after acquiring an additional 142 shares during the period. Mather Group LLC. raised its position in Brink’s by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after buying an additional 174 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Brink’s by 3.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock worth $491,000 after acquiring an additional 184 shares in the last quarter. Vise Technologies Inc. grew its stake in Brink’s by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 5,656 shares of the business services provider’s stock valued at $525,000 after acquiring an additional 188 shares in the last quarter. Finally, Investment House LLC increased its holdings in shares of Brink’s by 7.0% in the 4th quarter. Investment House LLC now owns 2,920 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 190 shares during the period. 94.96% of the stock is 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.