Brink’s Company (The) (BCO) Stake Raised by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can boosted its position in Brink’s Company (The) (NYSE:BCO) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,601 shares of the business services provider’s stock after buying an additional 2,615 shares during the period. Great West Life Assurance Co. Can’s holdings in Brink’s Company (The) were worth $4,458,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BCO. BlackRock Inc. increased its stake in Brink’s Company (The) by 118,199.8% in the first quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock worth $291,179,000 after buying an additional 5,443,099 shares during the period. Vanguard Group Inc. increased its stake in Brink’s Company (The) by 6.3% in the first quarter. Vanguard Group Inc. now owns 4,945,437 shares of the business services provider’s stock worth $264,333,000 after buying an additional 295,025 shares during the period. Dimensional Fund Advisors LP increased its stake in Brink’s Company (The) by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,579,684 shares of the business services provider’s stock worth $84,434,000 after buying an additional 26,778 shares during the period. Wells Fargo & Company MN increased its stake in Brink’s Company (The) by 2,351.9% in the first quarter. Wells Fargo & Company MN now owns 1,217,418 shares of the business services provider’s stock worth $65,071,000 after buying an additional 1,167,765 shares during the period. Finally, State Street Corp increased its stake in Brink’s Company (The) by 6.2% in the first quarter. State Street Corp now owns 1,133,950 shares of the business services provider’s stock worth $60,610,000 after buying an additional 66,448 shares during the period. Institutional investors own 89.47% of the company’s stock.
Shares of Brink’s Company (NYSE:BCO) opened at 75.75 on Wednesday. The firm has a 50-day moving average of $72.34 and a 200-day moving average of $60.81. The company has a market cap of $3.82 billion, a P/E ratio of 45.09 and a beta of 1.71. Brink’s Company has a 52-week low of $33.99 and a 52-week high of $81.35.
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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.18. The business had revenue of $806 million during the quarter, compared to analysts’ expectations of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. Equities research analysts forecast that Brink’s Company will post $3.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, July 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. Brink’s Company (The)’s dividend payout ratio is currently 35.71%.
Brink’s Company (The) declared that its board has initiated a share buyback program on Monday, May 8th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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A number of research firms have commented on BCO. Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $72.00 to $86.00 in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $64.00.
In other Brink’s Company (The) news, Director Peter A. Feld sold 475,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $65.17, for a total value of $30,955,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mcalister C. Marshall II sold 8,652 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.56, for a total transaction of $662,397.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,087,725 shares of company stock valued at $72,847,227. Corporate insiders own 10.40% of the company’s stock.
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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