Brink’s Co. (BCO) Reaches New 1-Year High at $36.32
Brink’s Co. (NYSE:BCO)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.32 and last traded at $35.77, with a volume of 342,405 shares trading hands. The stock had previously closed at $35.16.
BCO has been the subject of several analyst reports. Imperial Capital raised shares of Brink’s from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $31.50 to $38.00 in a report on Wednesday. Zacks Investment Research downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, BB&T Corp. began coverage on shares of Brink’s in a research note on Wednesday, April 13th. They issued a “buy” rating and a $38.00 target price for the company.
The stock’s 50-day moving average price is $29.81 and its 200 day moving average price is $30.37. The stock has a market capitalization of $1.77 billion and a PE ratio of 1877.37.
Brink’s (NYSE:BCO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Brink’s Co. will post $1.93 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Tuesday, July 26th will be issued a $0.10 dividend. The ex-dividend date is Friday, July 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.12%.
In other Brink’s news, CFO Ronald James Domanico acquired 16,744 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The stock was acquired at an average price of $29.86 per share, for a total transaction of $499,975.84. Following the acquisition, the chief financial officer now directly owns 16,744 shares in the company, valued at $499,975.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas A. Pertz acquired 83,696 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The stock was acquired 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 in the company, valued at $2,549,285.02. The disclosure for this purchase can be found here.
A number of hedge funds and institutional investors have modified their holdings of the stock. Diamond Hill Capital Management Inc. raised its position 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 during the period. Principal Financial Group Inc. raised its position 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 during the period. Bank of Montreal Can raised its position 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 during the period. GSA Capital Partners LLP acquired a new position in shares of Brink’s during the fourth quarter worth about $1,172,000. Finally, New York State Common Retirement Fund raised its position 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 during the period.
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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