Brink’s (NYSE:BCO) Hits New 52-Week High – Time to Buy?

Shares of Brink’s Company (The) (NYSE:BCO) reached a new 52-week high during trading on Thursday . The stock traded as high as $130.02 and last traded at $128.89, with a volume of 30520 shares changing hands. The stock had previously closed at $128.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Brink’s presently has an average rating of “Moderate Buy”.

Brink’s Stock Performance

The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 33.49 and a beta of 1.09. The company has a debt-to-equity ratio of 9.14, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a fifty day simple moving average of $121.39 and a two-hundred day simple moving average of $113.93.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, November 5th. The business services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Brink’s had a net margin of 3.31% and a return on equity of 93.16%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 earnings per share. On average, analysts expect that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. Brink’s’s payout ratio is 26.09%.

Brink’s announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 15.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Brink’s

In related news, insider Michael E. Sweeney sold 1,418 shares of the firm’s 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 completion of the transaction, the insider owned 5,755 shares in the company, valued at $687,722.50. This trade represents a 19.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Jackson Creek Investment Advisors LLC purchased a new position in Brink’s during the third quarter valued at approximately $2,332,000. SG Capital Management LLC acquired a new stake in shares of Brink’s during the 2nd quarter worth approximately $8,842,000. Edgestream Partners L.P. increased its holdings in shares of Brink’s by 78.3% during the 2nd quarter. Edgestream Partners L.P. now owns 51,949 shares of the business services provider’s stock valued at $4,639,000 after purchasing an additional 22,810 shares in the last quarter. Vest Financial LLC lifted its stake in shares of Brink’s by 69.8% in the 3rd quarter. Vest Financial LLC now owns 41,341 shares of the business services provider’s stock valued at $4,831,000 after purchasing an additional 16,987 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in shares of Brink’s in the 2nd quarter valued at $1,341,000. 94.96% of the stock is owned by institutional investors and hedge funds.

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.