Brink’s Co. (BCO) Sets New 1-Year High at $36.32
Brink’s Co. (NYSE:BCO)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $36.32 and last traded at $35.77, with a volume of 342,405 shares. The stock had previously closed at $35.16.
A number of equities analysts have commented on BCO shares. BB&T Corp. started coverage on shares of Brink’s in a report on Wednesday, April 13th. They issued a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded shares of Brink’s from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, May 5th. Finally, Imperial Capital boosted their price objective on shares of Brink’s from $30.00 to $31.50 and gave the stock an “in-line” rating in a report on Friday, May 20th.
The firm has a 50 day moving average of $30.21 and a 200-day moving average of $30.45. The company has a market capitalization of $1.79 billion and a P/E ratio of 1898.42.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The company earned $739.50 million during the quarter, compared to analyst estimates of $699.03 million. During the same quarter in the prior year, the company posted $0.27 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts forecast that Brink’s Co. will post $2.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, July 26th will be paid a $0.10 dividend. The ex-dividend date is Friday, July 22nd. This represents a $0.40 annualized dividend and a yield of 1.11%.
In other Brink’s news, CEO Douglas A. Pertz purchased 83,696 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were bought at an average price of $29.87 per share, for a total transaction of $2,499,999.52. Following the purchase, the chief executive officer now directly owns 85,346 shares in the company, valued at approximately $2,549,285.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George I. Stoeckert purchased 7,300 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of $29.19 per share, for a total transaction of $213,087.00. Following the purchase, the director now owns 7,300 shares in the company, valued at $213,087. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Brink’s during the fourth quarter valued at approximately $1,172,000. 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 period. 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 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 valued at $2,546,000 after buying an additional 72,013 shares during the period. Finally, 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 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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