Insider Buying: Brink's (BCO) CEO Purchases 10,000 Shares of Stock
Brink's (NYSE:BCO) CEO Douglas A. Pertz acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $72.91 per share, for a total transaction of $729,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Brink's (NYSE:BCO) opened at $75.95 on Friday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.89 and a quick ratio of 1.21. Brink's has a 12-month low of $47.30 and a 12-month high of $88.10. The company has a market capitalization of $3,834.18, a P/E ratio of 25.40, a PEG ratio of 0.98 and a beta of 1.71.
Brink's (NYSE:BCO) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Brink's had a return on equity of 36.76% and a net margin of 0.50%. The company had revenue of $903.00 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period in the prior year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. research analysts predict that Brink's will post 3.76 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of BCO. Tower Research Capital LLC TRC boosted its position in shares of Brink's by 285.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,140 shares in the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of Brink's in the 3rd quarter worth approximately $122,000. Meeder Asset Management Inc. bought a new stake in shares of Brink's in the 3rd quarter worth approximately $128,000. Virtus Fund Advisers LLC purchased a new position in Brink's in the 4th quarter worth approximately $146,000. Finally, PNC Financial Services Group Inc. raised its holdings in Brink's by 493.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock worth $180,000 after acquiring an additional 2,227 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on BCO. Zacks Investment Research raised Brink's from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Friday. Gabelli raised Brink's from a “hold” rating to a “buy” rating in a research report on Thursday. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price objective (up from $86.00) on shares of Brink's in a research report on Thursday, January 18th. Sidoti raised Brink's from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, ValuEngine cut Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Brink's presently has a consensus rating of “Buy” and a consensus target price of $93.50.
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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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