Brink’s Company (The) (NYSE:BCO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday.

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 analysts have also recently weighed in on the company. ValuEngine upgraded Brink’s Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Imperial Capital upgraded Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their price target for the company from $72.00 to $86.00 in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $77.00.

Shares of Brink’s Company (BCO) traded down 0.74% on Monday, reaching $80.40. The company had a trading volume of 611,018 shares. The firm’s 50 day moving average is $77.59 and its 200 day moving average is $65.19. The firm has a market capitalization of $4.06 billion, a PE ratio of 47.86 and a beta of 1.73. Brink’s Company has a 12 month low of $34.72 and a 12 month high of $84.00.

Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The company had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $730.87 million. During the same period last year, the firm earned $0.38 earnings per share. Brink’s Company (The)’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Brink’s Company will post $3.02 earnings per share for the current fiscal year.

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In related news, Director Peter A. Feld sold 50,908 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $78.05, for a total transaction of $3,973,369.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Mcalister C. Marshall II sold 4,848 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $77.67, for a total value of $376,544.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 501,415 shares of company stock worth $38,681,954. Corporate insiders own 10.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in shares of Brink’s Company (The) by 285.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after buying an additional 1,140 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Brink’s Company (The) during the second quarter worth about $114,000. Seven Eight Capital LP purchased a new position in shares of Brink’s Company (The) during the second quarter worth about $154,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Brink’s Company (The) by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after buying an additional 1,118 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in shares of Brink’s Company (The) by 51.8% during the second quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock worth $163,000 after buying an additional 829 shares during the last quarter. 89.74% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Company (The) 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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