Brink’s (NYSE:BCO) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Brink’s (NYSE:BCO) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings cut Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $154.00.

Brink’s Stock Up 4.3%

BCO stock opened at $115.00 on Friday. The firm’s 50-day moving average is $106.42 and its two-hundred day moving average is $110.17. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 12.66 and a beta of 0.95. Brink’s has a 52 week low of $91.05 and a 52 week high of $136.37. The company has a current ratio of 1.55, a quick ratio of 1.62 and a debt-to-equity ratio of 9.89.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, November 4th. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.21 by $0.25. Brink’s had a return on equity of 91.46% and a net margin of 2.88%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm posted $2.08 earnings per share. Brink’s’s revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Brink’s will post 8.99 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 2nd will be issued a $0.2550 dividend. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 2nd. Brink’s’s payout ratio is 26.77%.

Institutional Investors Weigh In On Brink’s

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Brink’s by 18.5% in the third quarter. Russell Investments Group Ltd. now owns 31,123 shares of the business services provider’s stock worth $3,143,000 after buying an additional 4,850 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Brink’s by 10.7% during the 3rd quarter. King Luther Capital Management Corp now owns 102,402 shares of the business services provider’s stock worth $10,342,000 after buying an additional 9,871 shares during the period. Knights of Columbus Asset Advisors LLC grew its stake in Brink’s by 0.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 26,713 shares of the business services provider’s stock valued at $2,698,000 after buying an additional 125 shares during the last quarter. Lido Advisors LLC acquired a new position in Brink’s in the 3rd quarter valued at $238,000. Finally, AlphaCore Capital LLC acquired a new position in Brink’s in the 3rd quarter valued at $325,000. Institutional investors own 94.96% of the company’s stock.

About Brink’s

Brink’s is a global provider of secure transportation and cash-management services. Its offerings include armored transportation of cash and valuables, cash processing, ATM management and replenishment, and related services for financial institutions, retailers, businesses and government customers.

The company also provides international secure logistics for high-value goods, including services for businesses that need to move valuables across borders. Its operations span numerous countries and regions, serving customers through local teams and facilities.

Founded in Chicago in 1859, Brink’s developed from a local delivery business into a security and logistics company.