Brink’s Company (The) (NYSE:BCO)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $84.33 and last traded at $84.30, with a volume of 252,031 shares trading hands. The stock had previously closed at $82.85.

Several research firms have recently issued reports on BCO. Zacks Investment Research cut Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. ValuEngine raised Brink’s Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Imperial Capital raised Brink’s Company (The) from an “in-line” rating to an “outperform” rating and boosted their target price 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 stock. The company presently has a consensus rating of “Buy” and an average target price of $77.00.

The stock has a market cap of $4.25 billion, a P/E ratio of 50.15 and a beta of 1.73. The firm’s 50 day moving average is $77.72 and its 200-day moving average is $65.75.

Brink’s Company (The) (NYSE:BCO) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, topping the 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 firm had revenue of $806.00 million for the quarter, compared to the consensus estimate of $730.87 million. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts predict that Brink’s Company will post $3.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, July 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 0.71%. Brink’s Company (The)’s payout ratio is 35.71%.

In other Brink’s Company (The) news, CAO Mcalister C. Marshall II sold 4,848 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $77.67, for a total transaction of $376,544.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter A. Feld sold 1,845 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $76.00, for a total value of $140,220.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 501,415 shares of company stock worth $38,681,954. Company insiders own 10.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Brink’s Company (The) by 5.2% during the 2nd quarter. BlackRock Inc. now owns 5,728,372 shares of the business services provider’s stock worth $383,801,000 after purchasing an additional 280,668 shares during the period. Vanguard Group Inc. increased its holdings in Brink’s Company (The) by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,306,384 shares of the business services provider’s stock worth $355,528,000 after purchasing an additional 360,947 shares during the period. Dimensional Fund Advisors LP increased its holdings in Brink’s Company (The) by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,579,684 shares of the business services provider’s stock worth $84,434,000 after purchasing an additional 26,778 shares during the period. Wells Fargo & Company MN increased its holdings in Brink’s Company (The) by 13.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,384,776 shares of the business services provider’s stock worth $92,781,000 after purchasing an additional 167,358 shares during the period. Finally, State Street Corp increased its holdings in Brink’s Company (The) by 1.0% during the 2nd quarter. State Street Corp now owns 1,144,733 shares of the business services provider’s stock worth $76,699,000 after purchasing an additional 10,783 shares during the period. Institutional investors own 89.74% of the company’s stock.

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About Brink’s Company (The)

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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