Brink’s (NYSE:BCO) Sees Unusually-High Trading Volume Following Analyst Upgrade

Brink’s Company (The) (NYSE:BCO) shares saw an uptick in trading volume on Monday after The Goldman Sachs Group raised their price target on the stock from $129.00 to $145.00. The Goldman Sachs Group currently has a buy rating on the stock. 984,399 shares traded hands during trading, an increase of 184% from the previous session’s volume of 346,633 shares.The stock last traded at $124.4930 and had previously closed at $116.77.

Separately, Truist Financial lifted their price target on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Brink’s has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Insider Activity at Brink’s

In other news, insider Michael E. Sweeney sold 1,418 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $119.50, for a total value of $169,451.00. Following the sale, the insider directly owned 5,755 shares in the company, valued at approximately $687,722.50. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brink’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Brink’s during the fourth quarter worth approximately $61,105,000. Simcoe Capital Management LLC acquired a new stake in Brink’s during the 2nd quarter worth $43,465,000. Northwestern Mutual Wealth Management Co. raised its stake in Brink’s by 385,161.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 446,903 shares of the business services provider’s stock worth $52,167,000 after acquiring an additional 446,787 shares in the last quarter. Nuveen LLC lifted its position in Brink’s by 229.7% in the fourth quarter. Nuveen LLC now owns 420,297 shares of the business services provider’s stock valued at $49,061,000 after acquiring an additional 292,829 shares during the last quarter. Finally, Fourth Sail Capital LP acquired a new position in Brink’s in the second quarter valued at $25,135,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Stock Performance

The firm has a fifty day simple moving average of $124.99 and a 200-day simple moving average of $117.74. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.35. The company has a market cap of $5.13 billion, a PE ratio of 26.61 and a beta of 1.09.

Brink’s (NYSE:BCO) last announced its earnings results on Thursday, February 26th. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.07. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted $2.12 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, research analysts forecast that Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, February 2nd. Brink’s’s dividend payout ratio (DPR) is 21.75%.

Brink’s announced that its board has approved a stock repurchase plan on Thursday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 15.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Brink’s Company Profile

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.