Brink's (NYSE:BCO) Sets New 12-Month Low - Here's Why

The Brink's Company (NYSE:BCO) saw its stock price drop to a new 52-week low during trading on Thursday. The stock reached a low of $83.38 before closing at $83.46, with a trading volume of 293,088 shares. Comparatively, the stock closed the previous day at $84.79.

Analysts Comment on Brink's Stock

In a recent note from StockNews.com, they downgraded Brink's shares from a "strong-buy" to a "buy" rating on March 8th. This indicates a cautious outlook from analysts regarding the company’s near-term performance.

Brink's Stock Overview

Brink's has a market capitalization of approximately $3.60 billion and a price-to-earnings (P/E) ratio of 31.61. The stock exhibits a beta of 1.42, indicating moderate volatility in relation to the market. Financial metrics reveal a quick ratio and current ratio both at 1.57. The company also has a high debt-to-equity ratio of 8.76. Currently, the stock’s 50-day moving average stands at $91.98, while the 200-day moving average is $98.84.

On February 26th, Brink's announced its latest earnings results, reporting earnings per share (EPS) of $2.12 for the quarter. This surpassed Wall Street's expectations, which were set at $1.86 per share. The company's net margin is currently at 2.37%, with a return on equity of 71.46%. Revenue for the quarter was $1.26 billion, slightly above the forecasted $1.25 billion. Analysts estimate that Brink's will achieve an EPS of 6.49 for the current fiscal year.

Dividend Information

Recently, Brink's declared a quarterly dividend of $0.2425 per share, which was paid out on March 3rd. This dividend payment reflects an annualized total of $0.97, resulting in a yield of 1.16%. The company’s dividend payout ratio currently stands at 26.87%, indicating a moderate commitment to returning value to shareholders.

Institutional Investors Activity

Recent activity from institutional investors showcases a significant interest in Brink's shares. US Bancorp DE increased its holdings by 7.1% in the third quarter, bringing its total to 1,584 shares valued at $183,000 after acquiring 105 additional shares. Assetmark Inc. made a notable increase of 2,436.7% in their position, now owning 7,813 shares valued at approximately $903,000. Other institutions, such as Atria Investments Inc. and Crossmark Global Holdings Inc., have also adjusted their positions, contributing to a collective ownership of 94.96% of the company’s stock by institutional investors and hedge funds.

Company Background

The Brink's Company specializes in cash management solutions, digital retail services, and ATM managed services. The firm operates across various geographic segments, including North America, Latin America, Europe, and the Rest of the World.

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This article serves as a brief overview of Brink's current market situation and does not seek to provide investment advice.

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