Brink’s Co. (BCO) Sees Unusually-High Trading Volume
Brink’s Co. (NYSE:BCO) saw an uptick in trading volume on Friday . 303,322 shares changed hands during trading, a decline of 24% from the previous session’s volume of 397,382 shares.The stock last traded at $28.09 and had previously closed at $27.71.
A number of brokerages recently commented on BCO. Zacks Investment Research raised Brink’s from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, May 5th. Imperial Capital raised their target price on Brink’s from $30.00 to $31.50 and gave the stock an “in-line” rating in a research report on Friday, May 20th. Finally, BB&T Corp. began coverage on Brink’s in a research report on Wednesday, April 13th. They issued a “buy” rating and a $38.00 target price for the company.
The stock’s market capitalization is $1.39 billion. The stock has a 50 day moving average price of $28.84 and a 200-day moving average price of $29.99.
Brink’s (NYSE:BCO) last posted its earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.05. The business earned $721.80 million during the quarter, compared to analysts’ expectations of $684.97 million. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts predict that Brink’s Co. will post $1.92 EPS for the current fiscal year.
In other Brink’s news, Director George I. Stoeckert acquired 7,300 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of $29.19 per share, with a total value of $213,087.00. Following the transaction, the director now owns 7,300 shares of the company’s stock, valued at approximately $213,087. 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 stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 85,346 shares in the company, valued at approximately $2,549,285.02. The disclosure for this purchase can be found here.
A number of institutional investors have added to or reduced their stakes in BCO. GSA Capital Partners LLP acquired a new position in Brink’s during the fourth quarter valued at about $1,172,000. New York State Common Retirement Fund boosted its position in 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. Rhumbline Advisers boosted its position in Brink’s by 6.8% in the fourth quarter. Rhumbline Advisers now owns 74,994 shares of the company’s stock valued at $2,164,000 after buying an additional 4,780 shares during the period. Bank of Montreal Can boosted its position in 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. Finally, Comerica Bank boosted its position in Brink’s by 50.0% in the fourth quarter. Comerica Bank now owns 291,792 shares of the company’s stock valued at $7,849,000 after buying an additional 97,321 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.