Brink’s Company (The) (NYSE:BCO) Director Peter A. Feld sold 75,000 shares of the firm’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.
Brink’s Company (BCO) opened at 75.30 on Friday. The firm’s 50-day moving average is $74.18 and its 200-day moving average is $62.40. Brink’s Company has a 52-week low of $33.99 and a 52-week high of $81.35. The company has a market capitalization of $3.80 billion, a PE ratio of 44.82 and a beta of 1.71.
Brink’s Company (The) (NYSE:BCO) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $806 million during 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that Brink’s Company will post $3.02 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio (DPR) is 35.71%.
Brink’s Company (The) declared that its board has authorized a share repurchase program on Monday, May 8th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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Several equities analysts recently weighed in on BCO shares. Imperial Capital raised their target price on shares of Brink’s Company (The) from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. 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 for the company in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Brink’s Company (The) presently has an average rating of “Buy” and a consensus price target of $64.00.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Brink’s Company (The) by 5.2% in the second quarter. BlackRock Inc. now owns 5,728,372 shares of the business services provider’s stock worth $383,801,000 after buying an additional 280,668 shares during the period. Vanguard Group Inc. raised its position in Brink’s Company (The) by 7.3% in the second quarter. Vanguard Group Inc. now owns 5,306,384 shares of the business services provider’s stock worth $355,528,000 after buying an additional 360,947 shares during the period. Dimensional Fund Advisors LP raised its position in Brink’s Company (The) 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 raised its position in Brink’s Company (The) by 13.7% in the second quarter. Wells Fargo & Company MN now owns 1,384,776 shares of the business services provider’s stock worth $92,781,000 after buying an additional 167,358 shares during the period. Finally, State Street Corp raised its position in Brink’s Company (The) by 1.0% in the second quarter. State Street Corp now owns 1,144,733 shares of the business services provider’s stock worth $76,699,000 after buying an additional 10,783 shares during the period. 89.47% of the stock is owned by hedge funds and other institutional investors.
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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