SunTrust Banks, Inc. Reiterates Buy Rating for Brink's Company (NYSE:BCO)

SunTrust Banks, Inc. restated their buy rating on shares of Brink's Company (NYSE:BCO) in a research note released on Wednesday, October 18th. SunTrust Banks, Inc. currently has a $98.00 target price on the business services provider’s stock.

BCO has been the topic of several other research reports. Imperial Capital upgraded shares of Brink's from an in-line rating to an outperform rating and increased their price objective for the stock from $72.00 to $86.00 in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Brink's from a strong-buy rating to a hold rating in a research report on Monday, September 18th. Finally, ValuEngine cut shares of Brink's from a buy rating to a hold rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $93.67.

Shares of Brink's (NYSE BCO) traded up 1.79% during midday trading on Wednesday, reaching $79.50. The company’s stock had a trading volume of 879,017 shares. The company has a market capitalization of $4.01 billion, a P/E ratio of 47.32 and a beta of 1.70. The stock’s 50-day moving average is $82.92 and its 200-day moving average is $71.70. Brink's has a one year low of $38.48 and a one year high of $87.30.

Brink's (NYSE:BCO) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. Brink's had a net margin of 2.48% and a return on equity of 18.11%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. On average, equities analysts expect that Brink's will post $3.03 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 10th. Brink's’s dividend payout ratio is presently 37.97%.

In other news, CFO Ronald James Domanico bought 3,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average cost of $77.49 per share, for a total transaction of $232,470.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas A. Pertz bought 1,280 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average price of $78.00 per share, for a total transaction of $99,840.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 501,415 shares of company stock valued at $38,681,954. Insiders own 10.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BCO. BlackRock Inc. grew its position in Brink's by 118,199.8% in the 1st quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock worth $291,179,000 after purchasing an additional 5,443,099 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Brink's by 2,932.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock worth $51,827,000 after purchasing an additional 748,015 shares during the last quarter. American Century Companies Inc. grew its position in Brink's by 148.7% in the 2nd quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock worth $75,538,000 after purchasing an additional 674,096 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Brink's in the 2nd quarter worth $40,125,000. Finally, Principal Financial Group Inc. grew its position in Brink's by 128.6% in the 2nd quarter. Principal Financial Group Inc. now owns 807,295 shares of the business services provider’s stock worth $54,089,000 after purchasing an additional 454,097 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.

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.

Analyst Recommendations for Brink's (NYSE:BCO)

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