Brink’s (NYSE:BCO) Stock Price Crosses Below Two Hundred Day Moving Average After Analyst Downgrade

Brink’s Company (The) (NYSE:BCO) shares passed below its two hundred 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 two hundred 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.

Several other research firms also recently issued reports on BCO. Weiss Ratings downgraded Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of Brink’s from a “buy” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.00.

Institutional Trading of Brink’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in shares of Brink’s by 18.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 31,123 shares of the business services provider’s stock worth $3,143,000 after purchasing an additional 4,850 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Brink’s by 10.7% during the third quarter. King Luther Capital Management Corp now owns 102,402 shares of the business services provider’s stock valued at $10,342,000 after buying an additional 9,871 shares during the period. Knights of Columbus Asset Advisors LLC lifted its stake in shares of Brink’s by 0.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 26,713 shares of the business services provider’s stock valued at $2,698,000 after buying an additional 125 shares during the period. Lido Advisors LLC acquired a new stake in Brink’s during the third quarter worth approximately $238,000. Finally, AlphaCore Capital LLC acquired a new stake in Brink’s during the third quarter worth approximately $325,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 28.99 and a beta of 0.95. The company has a debt-to-equity ratio of 8.80, a current ratio of 1.62 and a quick ratio of 1.62. The stock’s 50-day moving average is $106.34 and its 200-day moving average is $110.22.

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

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 2nd will be issued a $0.2550 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink’s’s payout ratio 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.