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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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 stock has a market cap of $3.61 billion, a price-to-earnings ratio of 31.69 and a beta of 1.42. The business’s 50 day moving average is $91.06 and its 200-day moving average is $97.68. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last announced 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 net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. On average, sell-side analysts predict that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

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

Hedge Funds Weigh In On Brink’s

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in Brink’s by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock valued at $441,125,000 after purchasing an additional 510,389 shares during the last quarter. State Street Corp raised its position in shares of Brink’s by 5.1% in the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock valued at $198,758,000 after buying an additional 82,999 shares during the last quarter. American Century Companies Inc. boosted its position in Brink’s by 0.7% during the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock worth $138,845,000 after acquiring an additional 9,777 shares during the last quarter. Ariel Investments LLC grew its stake in Brink’s by 12.3% during 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 acquiring an additional 140,895 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Brink’s by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock valued at $121,022,000 after acquiring an additional 8,841 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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.