Brink’s (NYSE:BCO) Shares Cross Below 200 Day Moving Average on Analyst Downgrade

Brink’s Company (The) (NYSE:BCO) shares passed below its 200-day moving average during trading on Thursday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock has a 200-day moving average of $110.28 and traded as low as $109.19. Brink’s shares last traded at $109.9790, with a volume of 656,732 shares changing hands.

BCO has been the subject of several other research reports. Weiss Ratings lowered shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered shares of Brink’s from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $154.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. NFSG Corp acquired a new stake in Brink’s in the first quarter valued at approximately $32,000. Public Employees Retirement System of Ohio acquired a new position in shares of Brink’s during the second quarter worth approximately $75,000. Rockefeller Capital Management L.P. raised its position in shares of Brink’s by 29.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 950 shares of the business services provider’s stock worth $111,000 after purchasing an additional 217 shares during the period. Nykredit A S bought a new position in shares of Brink’s in the 2nd quarter worth $111,000. Finally, Valley National Advisers Inc. bought a new position in shares of Brink’s in the 3rd quarter worth $126,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Trading Up 0.4%

The business has a fifty day moving average of $106.34 and a 200-day moving average of $110.22. The company has a debt-to-equity ratio of 8.80, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $4.55 billion, a P/E ratio of 28.99 and a beta of 0.95.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, November 4th. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Brink’s had a net margin of 3.30% and a return on equity of 87.18%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $2.08 EPS. Brink’s’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts anticipate that Brink’s Company will post 8.99 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

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

Brink’s Company Profile

Brink’s Company (NYSE: BCO) is a global provider of security and logistics services. The company helps businesses, financial institutions, retailers, governments and other organizations protect, transport and manage cash, valuables and other high-value assets.

Its services include secure transportation, cash-in-transit operations, ATM replenishment and servicing, cash processing, vaulting, cash management and related payment services. Brink’s also provides international logistics for precious metals, jewelry, gemstones, artwork and other valuables through its Brink’s Global Services business.

Founded in 1859, Brink’s serves customers across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region through a worldwide network of employees, vehicles and facilities.