Brink’s Company (The) (NYSE:BCO) Director George I. Stoeckert purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $80.40 per share, with a total value of $80,400.00. Following the transaction, the director now directly owns 12,014 shares of the company’s stock, valued at approximately $965,925.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Brink’s Company (BCO) traded up $0.80 during trading on Thursday, hitting $80.75. 258,300 shares of the stock traded hands, compared to its average volume of 420,928. Brink’s Company has a 52 week low of $40.95 and a 52 week high of $87.30. The firm has a market capitalization of $4,080.00, a price-to-earnings ratio of 27.47 and a beta of 1.71. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.08. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The company had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. sell-side analysts forecast that Brink’s Company will post 3.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, November 10th. Brink’s’s payout ratio is currently 37.04%.
Several equities analysts recently commented on BCO shares. ValuEngine raised shares of Brink’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Brink’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 18th. SunTrust Banks reaffirmed a “buy” rating and set a $98.00 price target on shares of Brink’s in a research report on Wednesday, October 18th. Finally, Sidoti initiated coverage on shares of Brink’s in a research report on Friday, October 20th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Brink’s presently has an average rating of “Buy” and an average price target of $93.67.
Institutional investors have recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY acquired a new stake in shares of Brink’s in the third quarter worth $122,000. Meeder Asset Management Inc. acquired a new stake in shares of Brink’s in the third quarter worth $128,000. Tower Research Capital LLC TRC increased its position in shares of Brink’s by 285.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Brink’s during the 2nd quarter valued at $114,000. Finally, Seven Eight Capital LP acquired a new stake in Brink’s during the 2nd quarter valued at $154,000. 90.56% of the stock is owned by institutional investors.
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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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