Brink’s Co. (BCO) Downgraded by Zacks Investment Research to “Hold”
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 equities analysts also recently commented on the company. Macquarie boosted their price objective on Brink’s from $33.00 to $38.00 and gave the stock a neutral rating in a research report on Friday, September 16th. Imperial Capital raised Brink’s from an in-line rating to an outperform rating and boosted their price objective for the stock from $31.50 to $38.00 in a research report on Wednesday, August 3rd.
Shares of Brink’s (NYSE:BCO) traded up 1.44% during trading on Tuesday, reaching $37.27. 75,083 shares of the company traded hands. Brink’s has a 1-year low of $25.87 and a 1-year high of $37.92. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 1961.58 and a beta of 1.54. The stock’s 50 day moving average is $36.45 and its 200 day moving average is $32.63.
Brink’s (NYSE:BCO) last released its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. The company earned $739.50 million during the quarter, compared to the consensus estimate of $699.03 million. Brink’s had a return on equity of 22.23% and a net margin of 0.04%. Brink’s’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. On average, analysts forecast that Brink’s will post $2.00 EPS for the current year.
In related news, insider Thomas Colan sold 935 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $35,249.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ronald James Domanico acquired 16,744 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The shares were acquired at an average cost of $29.86 per share, for a total transaction of $499,975.84. Following the acquisition, the chief financial officer now directly owns 16,744 shares of the company’s stock, valued at $499,975.84. The disclosure for this purchase can be found here. 11.29% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BCO. Vanguard Group Inc. raised 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 in the last quarter. BlackRock Fund Advisors raised its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of 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 in 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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