Zacks Investment Research lowered shares of Brink's (NYSE:BCO) from a buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “The Brink’s Company is a global leader in business and security services. Their three main businesses are Brink’s, Incorporated, the world’s premier provider of secure transportation and cash management services; Brink’s Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in global supply chain management. “

A number of other equities analysts have also weighed in on the company. ValuEngine raised Brink's from a hold rating to a buy rating in a research report on Friday, September 1st. SunTrust Banks reaffirmed a buy rating and set a $98.00 target price on shares of Brink's in a research report on Wednesday, October 18th. Finally, Sidoti initiated coverage on Brink's in a research report on Friday, October 20th. They set a buy rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $93.75.

Brink's (NYSE BCO) opened at $79.65 on Wednesday. The stock has a market capitalization of $4,086.63, a P/E ratio of 50.41 and a beta of 1.71. Brink's has a twelve month low of $40.95 and a twelve month high of $87.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20.

Brink's (NYSE:BCO) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. Brink's had a return on equity of 18.11% and a net margin of 2.48%. The company had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. During the same period in the prior year, the firm earned $0.64 earnings per share. Brink's’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts anticipate that Brink's will post 3.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, November 10th. Brink's’s payout ratio is currently 37.97%.

In related news, CFO Ronald James Domanico purchased 3,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average cost of $77.49 per share, with a total value of $232,470.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director George I. Stoeckert purchased 2,700 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average cost of $80.55 per share, with a total value of $217,485.00. Following the completion of the transaction, the director now directly owns 12,014 shares in the company, valued at approximately $967,727.70. The disclosure for this purchase can be found here. Insiders purchased a total of 18,850 shares of company stock valued at $1,461,348 over the last three months. 10.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its position in shares of Brink's by 6.1% during the 3rd quarter. GSA Capital Partners LLP now owns 18,698 shares of the business services provider’s stock valued at $1,575,000 after purchasing an additional 1,074 shares during the last quarter. Algert Global LLC increased its position in shares of Brink's by 38.3% during the 3rd quarter. Algert Global LLC now owns 21,620 shares of the business services provider’s stock valued at $1,821,000 after purchasing an additional 5,984 shares during the last quarter. Insight Capital Research & Management Inc. increased its position in shares of Brink's by 40.7% during the 3rd quarter. Insight Capital Research & Management Inc. now owns 46,811 shares of the business services provider’s stock valued at $3,944,000 after purchasing an additional 13,538 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Brink's during the 3rd quarter valued at $17,917,000. Finally, California Public Employees Retirement System increased its position in shares of Brink's by 0.5% during the 3rd quarter. California Public Employees Retirement System now owns 141,209 shares of the business services provider’s stock valued at $11,897,000 after purchasing an additional 652 shares during the last quarter. 90.55% of the stock is owned by institutional investors and hedge funds.

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Brink's Company Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

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