Brink’s Co. (BCO) Sets New 1-Year High at $37.09
Shares of Brink’s Co. (NYSE:BCO) hit a new 52-week high during trading on Wednesday . The company traded as high as $37.09 and last traded at $36.85, with a volume of 247,225 shares. The stock had previously closed at $36.46.
A number of analysts have commented on the company. Zacks Investment Research raised Brink’s from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Thursday, May 5th. Imperial Capital boosted their price objective on Brink’s from $30.00 to $31.50 and gave the stock an “in-line” rating in a report on Friday, May 20th. Finally, BB&T Corp. assumed coverage on Brink’s in a report on Wednesday, April 13th. They set a “buy” rating and a $38.00 price objective for the company.
The firm has a market capitalization of $1.83 billion and a P/E ratio of 1944.21. The stock’s 50-day moving average is $30.63 and its 200-day moving average is $30.63.
Brink’s (NYSE:BCO) last posted its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The business earned $739.50 million during the quarter, compared to the consensus estimate of $699.03 million. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts anticipate that Brink’s Co. will post $2.00 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, July 26th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, July 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.10%.
In related news, CEO Douglas A. Pertz acquired 83,696 shares of the stock in a transaction on Thursday, June 9th. The stock was acquired at an average cost of $29.87 per share, for a total transaction of $2,499,999.52. Following the completion of the acquisition, the chief executive officer now directly owns 85,346 shares of the company’s stock, valued at approximately $2,549,285.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ronald James Domanico acquired 16,744 shares of the stock in a transaction on Thursday, July 14th. The stock was bought at an average price of $29.86 per share, with a total value of $499,975.84. Following the completion of the acquisition, the chief financial officer now directly owns 16,744 shares of the company’s stock, valued at $499,975.84. The disclosure for this purchase can be found here.
A number of hedge funds recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Brink’s during the fourth quarter valued at approximately $1,172,000. New York State Common Retirement Fund raised 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 valued at $1,359,000 after buying an additional 1,100 shares during the period. Bank of Montreal Can raised 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 valued at $2,546,000 after buying an additional 72,013 shares during the period. Principal Financial Group Inc. raised 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 valued at $9,290,000 after buying an additional 14,401 shares during the period. Finally, Diamond Hill Capital Management Inc. raised 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 valued at $22,553,000 after buying an additional 60,031 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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