Brink’s (NYSE:BCO) Sees Strong Trading Volume After Analyst Upgrade

Brink’s Company (The) (NYSE:BCO) shares saw strong 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 were traded 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 Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Insider Buying and Selling

In other Brink’s news, insider Michael E. Sweeney sold 1,418 shares of Brink’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $119.50, for a total transaction of $169,451.00. Following the sale, the insider directly owned 5,755 shares of the company’s stock, valued at approximately $687,722.50. The trade was a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of Brink’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new stake in shares of Brink’s during the second quarter worth $27,000. Smartleaf Asset Management LLC increased its position in shares of Brink’s by 150.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock worth $29,000 after purchasing an additional 146 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Brink’s during the 3rd quarter worth approximately $33,000. Mather Group LLC. acquired a new stake in shares of Brink’s in the 3rd quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC bought a new position in shares of Brink’s in the fourth quarter valued at $39,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Performance

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 stock’s fifty day moving average is $125.27 and its two-hundred day moving average is $117.96. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 26.83 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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm posted $2.12 EPS. Brink’s’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, February 2nd. Brink’s’s payout ratio is 21.75%.

Brink’s announced that its Board of Directors has initiated a stock buyback program on Thursday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 15.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is 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.