Brink's Company (NYSE:BCO) Director Peter A. Feld sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $63.27, for a total value of $25,308,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Brink's Company (NYSE BCO) traded down 0.15% on Monday, hitting $65.05. The stock had a trading volume of 298,538 shares. Brink's Company has a one year low of $26.86 and a one year high of $65.90. The stock has a market cap of $3.28 billion, a P/E ratio of 46.04 and a beta of 1.40. The company’s 50-day moving average is $60.75 and its 200-day moving average is $50.44.
Brink's Company (NYSE:BCO) last announced its earnings results on Wednesday, April 26th. The business services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.18. The company had revenue of $788.40 million during the quarter, compared to the consensus estimate of $696.06 million. Brink's Company had a return on equity of 29.99% and a net margin of 1.14%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, analysts anticipate that Brink's Company will post $2.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. This is an increase from Brink's Company’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, May 16th. Brink's Company’s dividend payout ratio (DPR) is 58.82%.
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Several research analysts have recently issued reports on the company. Zacks Investment Research cut Brink's Company from a “hold” rating to a “strong sell” rating in a research report on Friday, February 10th. Imperial Capital upped their price objective on Brink's Company from $52.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, May 25th. Finally, SunTrust Banks, Inc. assumed coverage on Brink's Company in a research report on Monday, February 27th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $57.00.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Brink's Company 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 position in Brink's Company 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 position in Brink's Company 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 position in Brink's Company 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 position in Brink's Company 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 and hedge funds own 93.20% of the company’s stock.
About Brink's Company
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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