The Brink’s (NYSE:BCO) Trading Down 5.4%

The Brink’s Company (NYSE:BCO) shares dropped 5.4% on Thursday . The company traded as low as $73.31 and last traded at $73.61. Approximately 2,960 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 248,680 shares. The stock had previously closed at $77.83.

Separately, Zacks Investment Research cut shares of The Brink’s from a “buy” rating to a “hold” rating in a research note on Tuesday, June 29th.

The company has a debt-to-equity ratio of 10.78, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $3.66 billion, a PE ratio of 141.51 and a beta of 1.55. The business’s 50 day moving average price is $76.71.

The Brink’s (NYSE:BCO) last released its earnings results on Thursday, July 22nd. The business services provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.19. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.08 billion. The Brink’s had a net margin of 0.74% and a return on equity of 102.22%. The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, equities analysts predict that The Brink’s Company will post 4.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 1st. Investors of record on Monday, July 26th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, July 23rd. The Brink’s’s payout ratio is currently 21.28%.

In related news, SVP James K. Parks sold 10,281 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $72.95, for a total transaction of $749,998.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.64% of the company’s stock.

Several hedge funds have recently made changes to their positions in BCO. BlackRock Inc. increased its holdings in The Brink’s by 2.9% during the 1st quarter. BlackRock Inc. now owns 6,122,240 shares of the business services provider’s stock worth $485,066,000 after acquiring an additional 175,385 shares during the period. William Blair Investment Management LLC increased its holdings in The Brink’s by 1.6% during the 1st quarter. William Blair Investment Management LLC now owns 5,332,539 shares of the business services provider’s stock worth $422,497,000 after acquiring an additional 83,819 shares during the period. Waddell & Reed Financial Inc. increased its holdings in The Brink’s by 12.9% during the 1st quarter. Waddell & Reed Financial Inc. now owns 1,405,943 shares of the business services provider’s stock worth $111,393,000 after acquiring an additional 160,548 shares during the period. Dimensional Fund Advisors LP increased its holdings in The Brink’s by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 916,708 shares of the business services provider’s stock worth $66,002,000 after acquiring an additional 4,486 shares during the period. Finally, Geode Capital Management LLC increased its holdings in The Brink’s by 8.5% during the 1st quarter. Geode Capital Management LLC now owns 788,485 shares of the business services provider’s stock worth $62,471,000 after acquiring an additional 61,912 shares during the period. Institutional investors own 97.80% of the company’s stock.

The Brink’s Company Profile (NYSE:BCO)

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services.

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