Brink’s (NYSE:BCO) Downgraded by StockNews.com

Brink’s (NYSE:BCO – Get Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

A number of other research firms also recently issued reports on BCO. Truist Financial lifted their target price on Brink’s from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, March 24th. TheStreet upgraded Brink’s from a “c+” rating to a “b” rating in a research note on Wednesday, February 22nd.

Brink’s Stock Down 1.8 %

NYSE:BCO opened at $67.50 on Wednesday. The stock’s fifty day simple moving average is $64.46 and its 200-day simple moving average is $62.25. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 5.27. The firm has a market capitalization of $3.13 billion, a P/E ratio of 27.55 and a beta of 1.35. Brink’s has a 12-month low of $48.38 and a 12-month high of $70.05.

Brink’s (NYSE:BCO – Get Rating) last released its earnings results on Wednesday, February 22nd. The business services provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.22. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Brink’s had a return on equity of 60.26% and a net margin of 2.50%. Brink’s’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. Equities research analysts expect that Brink’s will post 6.8 earnings per share for the current year.

Insider Activity at Brink’s

In other news, EVP Michael F. Beech sold 22,500 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $67.26, for a total transaction of $1,513,350.00. Following the transaction, the executive vice president now owns 53,457 shares of the company’s stock, valued at approximately $3,595,517.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Michael F. Beech sold 22,500 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $67.26, for a total value of $1,513,350.00. Following the transaction, the executive vice president now owns 53,457 shares of the company’s stock, valued at approximately $3,595,517.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Herling sold 3,089 shares of Brink’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $66.60, for a total transaction of $205,727.40. Following the transaction, the director now directly owns 11,776 shares in the company, valued at approximately $784,281.60. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brink’s

Several large investors have recently modified their holdings of BCO. Thrivent Financial for Lutherans increased its position in shares of Brink’s by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 12,504 shares of the business services provider’s stock valued at $606,000 after acquiring an additional 167 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Brink’s by 8.8% during the third quarter. Public Employees Retirement System of Ohio now owns 2,206 shares of the business services provider’s stock valued at $107,000 after buying an additional 179 shares during the period. Cim Investment Management Inc. grew its holdings in Brink’s by 3.6% in the first quarter. Cim Investment Management Inc. now owns 5,229 shares of the business services provider’s stock worth $349,000 after purchasing an additional 180 shares during the period. SummerHaven Investment Management LLC grew its holdings in Brink’s by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 13,555 shares of the business services provider’s stock worth $728,000 after purchasing an additional 187 shares during the period. Finally, Campbell Newman Asset Management Inc. lifted its stake in shares of Brink’s by 1.3% in the first quarter. Campbell Newman Asset Management Inc. now owns 17,557 shares of the business services provider’s stock worth $1,173,000 after buying an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Brink’s Company Profile

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The Brink’s Co provides secure logistics and cash management services. It operates through the following segments: North America, Latin America, Europe and Rest of World. Its logistics and security solutions include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.