Brink’s Company (The) (BCO) Director Peter A. Feld Sells 75,000 Shares of Stock
Brink’s Company (The) (NYSE:BCO) Director Peter A. Feld sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $75.72, for a total transaction of $5,679,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Brink’s Company (BCO) traded down 1.215% on Friday, hitting $75.225. 325,472 shares of the stock were exchanged. The stock has a market cap of $3.80 billion, a PE ratio of 44.777 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. The company’s 50 day moving average is $73.93 and its 200-day moving average is $62.18.
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, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.18. The business had revenue of $806 million for the quarter, compared to analyst estimates of $730.87 million. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. Analysts predict that Brink’s Company will post $3.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, July 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio is currently 35.71%.
Brink’s Company (The) announced that its board has initiated a stock buyback plan on Monday, May 8th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 6.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
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 raised their target price for the company 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 price objective on the stock in a research report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $64.00.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised 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 valued at $291,179,000 after buying an additional 5,443,099 shares in the last quarter. Wells Fargo & Company MN raised 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 valued at $65,071,000 after buying an additional 1,167,765 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Brink’s Company (The) by 2,932.2% in the second quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock valued at $51,827,000 after buying an additional 748,015 shares in the last quarter. American Century Companies Inc. raised its stake in Brink’s Company (The) by 148.7% in the second quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock valued at $75,538,000 after buying an additional 674,096 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Brink’s Company (The) during the second quarter valued at about $40,125,000. 89.47% of the stock is currently owned by institutional investors and hedge funds.
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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