Brink’s (NYSE:BCO) Sets New 52-Week High on Analyst Upgrade

Brink’s Company (The) (NYSE:BCO) hit a new 52-week high during trading on Wednesday after Truist Financial raised their price target on the stock from $138.00 to $163.00. Truist Financial currently has a buy rating on the stock. Brink’s traded as high as $133.62 and last traded at $131.13, with a volume of 16436 shares. The stock had previously closed at $131.49.

Separately, Weiss Ratings upgraded shares of Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $163.00.

Insider Buying and Selling

In other Brink’s news, insider Michael E. Sweeney sold 1,418 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $119.50, for a total value of $169,451.00. Following the transaction, the insider directly owned 5,755 shares in the company, valued at $687,722.50. This represents a 19.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caldwell Trust Co purchased a new stake in Brink’s in the second quarter valued at approximately $27,000. Trust Co. of Toledo NA OH purchased a new position in Brink’s in the 2nd quarter worth approximately $32,000. Advisory Services Network LLC bought a new position in shares of Brink’s in the 3rd quarter worth $33,000. Mather Group LLC. bought a new position in shares of Brink’s in the 3rd quarter worth $34,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Brink’s during the 4th quarter valued at $39,000. 94.96% of the stock is currently owned by institutional investors.

Brink’s Price Performance

The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 9.14. The company has a market capitalization of $5.45 billion, a P/E ratio of 33.49 and a beta of 1.09. The business’s fifty day moving average price is $122.10 and its 200-day moving average price is $114.75.

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.02 annualized dividend and a yield of 0.8%. Brink’s’s payout ratio is 26.09%.

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