Brink’s Co. (BCO) Sees Unusually-High Trading Volume
Brink’s Co. (NYSE:BCO) shares saw unusually-strong trading volume on Friday . Approximately 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 research analysts recently weighed in on BCO shares. BB&T Corp. started coverage on Brink’s in a report on Wednesday, April 13th. They set a “buy” rating and a $38.00 price objective on the stock. Imperial Capital upped 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, Zacks Investment Research lowered Brink’s from a “buy” rating to a “hold” rating in a report on Monday, May 23rd.
The stock’s market cap is $1.39 billion. The firm’s 50 day moving average is $28.84 and its 200-day moving average is $29.99.
Brink’s (NYSE:BCO) last issued its earnings results on Tuesday, May 3rd. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by $0.05. During the same period last year, the firm posted $0.41 EPS. The firm earned $721.80 million during the quarter, compared to the consensus estimate of $684.97 million. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Brink’s Co. will post $1.92 EPS for the current fiscal year.
In other news, CEO Douglas A. Pertz bought 83,696 shares of the firm’s stock in a transaction dated Thursday, June 9th. The stock was bought at an average price of $29.87 per share, for a total transaction of $2,499,999.52. Following the transaction, the chief executive officer now owns 85,346 shares in the company, valued at $2,549,285.02. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George I. Stoeckert bought 7,300 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was purchased at an average price of $29.19 per share, with a total value of $213,087.00. Following the transaction, the director now owns 7,300 shares in the company, valued at approximately $213,087. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. 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 valued at $1,359,000 after buying an additional 1,100 shares during the last quarter. Rhumbline Advisers raised its position in shares of 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 last quarter. 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 valued at $9,290,000 after buying an additional 14,401 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Brink’s during the fourth quarter valued at approximately $1,172,000. Finally, 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 valued at $22,553,000 after buying an additional 60,031 shares during 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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