Brink’s Co. (BCO) Shares Gap Up to $33.16
Brink’s Co. (NYSE:BCO)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $33.03, but opened at $33.16. Brink’s shares last traded at $34.59, with a volume of 396,877 shares traded.
A number of brokerages have recently issued reports on BCO. BB&T Corp. began coverage on Brink’s in a report on Wednesday, April 13th. They issued a “buy” rating and a $38.00 target price for the company. Imperial Capital raised Brink’s from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $31.50 to $38.00 in a report on Wednesday. Finally, Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th.
The firm has a market capitalization of $1.74 billion and a PE ratio of 1850.53. The firm’s 50 day moving average price is $29.81 and its 200-day moving average price is $30.37.
Brink’s (NYSE:BCO) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. During the same period last year, the firm earned $0.27 EPS. The business had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. Brink’s’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Brink’s Co. will post $1.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, July 26th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, July 22nd.
In other news, Director George I. Stoeckert acquired 7,300 shares of Brink’s stock in a transaction dated Wednesday, June 15th. The stock was bought at an average price of $29.19 per share, for a total transaction of $213,087.00. Following the completion of the acquisition, the director now directly owns 7,300 shares in the company, valued at approximately $213,087. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas A. Pertz acquired 83,696 shares of Brink’s stock in a transaction dated Thursday, June 9th. The shares were purchased at an average price of $29.87 per share, with a total value of $2,499,999.52. Following the acquisition, the chief executive officer now owns 85,346 shares of the company’s stock, valued at $2,549,285.02. The disclosure for this purchase can be found here.
Several large investors have recently modified their holdings of BCO. Diamond Hill Capital Management Inc. boosted its stake in shares of Brink’s by 8.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 781,465 shares of the company’s stock worth $22,553,000 after buying an additional 60,031 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Brink’s by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 321,914 shares of the company’s stock worth $9,290,000 after buying an additional 14,401 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Brink’s by 443.7% in the fourth quarter. Bank of Montreal Can now owns 88,243 shares of the company’s stock worth $2,546,000 after buying an additional 72,013 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Brink’s during the fourth quarter worth about $1,172,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Brink’s by 2.4% in the fourth quarter. New York State Common Retirement Fund now owns 47,100 shares of the company’s stock worth $1,359,000 after buying an additional 1,100 shares in the last quarter.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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