Brink’s Company (The) (BCO) Director Buys $80,400.00 in Stock
Brink’s Company (The) (NYSE:BCO) Director George I. Stoeckert purchased 1,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were bought at an average price of $80.40 per share, for a total transaction of $80,400.00. Following the completion of the transaction, the director now directly owns 12,014 shares in the company, valued at approximately $965,925.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Brink’s Company (NYSE:BCO) traded down $1.60 during midday trading on Friday, hitting $79.15. 538,700 shares of the company were exchanged, compared to its average volume of 421,417. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21. Brink’s Company has a twelve month low of $40.95 and a twelve month high of $87.30. The company has a market cap of $4,076.53, a P/E ratio of 27.75 and a beta of 1.71.
Brink’s (NYSE:BCO) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The business had revenue of $849.50 million for the quarter, compared to the consensus estimate of $841.57 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. analysts forecast that Brink’s Company will post 3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.76%. Brink’s’s payout ratio is currently 37.97%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. Aperio Group LLC raised its holdings in shares of Brink’s by 16.1% in the 2nd quarter. Aperio Group LLC now owns 12,789 shares of the business services provider’s stock worth $857,000 after purchasing an additional 1,772 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Brink’s by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,720 shares of the business services provider’s stock worth $718,000 after purchasing an additional 460 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Brink’s by 4.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 66,601 shares of the business services provider’s stock worth $4,458,000 after purchasing an additional 2,615 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Brink’s in the 2nd quarter worth approximately $114,000. Finally, World Asset Management Inc bought a new stake in shares of Brink’s in the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 90.56% of the company’s stock.
A number of analysts have commented on BCO shares. SunTrust Banks restated a “buy” rating and set a $98.00 price target on shares of Brink’s in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Sidoti started coverage on shares of Brink’s in a research report on Friday, October 20th. They set a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Brink’s from a “hold” rating to a “strong-buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $93.67.
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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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