Brink’s Co. (BCO) Price Target Raised to $38.00 at Macquarie
A number of other equities research analysts also recently issued reports on BCO. Imperial Capital boosted their target price on shares of Brink’s from $30.00 to $31.50 and gave the company an in-line rating in a report on Friday, May 20th. Zacks Investment Research downgraded shares of Brink’s from a buy rating to a hold rating in a report on Monday, May 23rd.
Shares of Brink’s (NYSE:BCO) opened at 36.86 on Friday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 1940.00 and a beta of 1.52. The firm has a 50 day moving average of $36.37 and a 200-day moving average of $32.21. Brink’s has a 12 month low of $25.80 and a 12 month high of $37.85.
Brink’s (NYSE:BCO) last released its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The firm earned $739.50 million during the quarter, compared to the consensus estimate of $699.03 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Brink’s’s revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Brink’s will post $2.00 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Tuesday, July 26th were given a dividend of $0.10 per share. The ex-dividend date was Friday, July 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. Brink’s’s dividend payout ratio (DPR) is 1,333.33%.
In other Brink’s news, CFO Ronald James Domanico purchased 16,744 shares of Brink’s stock in a transaction on Thursday, July 14th. The shares were purchased at an average cost of $29.86 per share, with a total value of $499,975.84. Following the completion of the transaction, the chief financial officer now directly owns 16,744 shares in the company, valued at approximately $499,975.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Colan sold 935 shares of Brink’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $35,249.50. The disclosure for this sale can be found here. Company insiders own 11.29% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in BCO. Vanguard Group Inc. boosted its position in shares of Brink’s by 15.1% in the second quarter. Vanguard Group Inc. now owns 4,374,216 shares of the company’s stock worth $124,623,000 after buying an additional 574,750 shares during the period. BlackRock Fund Advisors boosted its position in Brink’s by 1.1% in the second quarter. BlackRock Fund Advisors now owns 3,127,400 shares of the company’s stock worth $89,100,000 after buying an additional 35,453 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brink’s by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,372 shares of the company’s stock worth $47,930,000 after buying an additional 50,226 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Brink’s by 20.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,334,874 shares of the company’s stock worth $38,031,000 after buying an additional 225,873 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Brink’s by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,195,487 shares of the company’s stock worth $40,156,000 after buying an additional 9,467 shares during the last quarter. 93.07% of the stock is currently owned by hedge funds and other institutional investors.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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