Brink’s (NYSE:BCO) Reaches New 52-Week Low – Here’s What Happened

The Brink’s Company (NYSE:BCO) hit a new 52-week low during trading on Friday . The company traded as low as $82.78 and last traded at $83.65, with a volume of 415188 shares changing hands. The stock had previously closed at $85.81.

Analyst Ratings Changes

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

Brink’s Stock Down 2.5 %

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $3.61 billion, a PE ratio of 31.69 and a beta of 1.42. The business has a 50-day moving average price of $91.19 and a 200-day moving average price of $97.93.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Equities research analysts forecast that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s payout ratio is currently 26.87%.

Institutional Trading of Brink’s

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its position in shares of Brink’s by 12.0% during the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock valued at $441,125,000 after buying an additional 510,389 shares during the period. State Street Corp increased its stake in Brink’s by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock worth $198,758,000 after acquiring an additional 82,999 shares during the last quarter. American Century Companies Inc. raised its position in Brink’s by 0.7% in the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock valued at $138,845,000 after purchasing an additional 9,777 shares during the period. Ariel Investments LLC lifted its stake in shares of Brink’s by 12.3% in the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock valued at $118,941,000 after purchasing an additional 140,895 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Brink’s by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock worth $121,022,000 after purchasing an additional 8,841 shares during the period. 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.