Brink’s Co. (BCO) Sets New 52-Week High at $37.09
Brink’s Co. (NYSE:BCO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.09 and last traded at $36.85, with a volume of 247,225 shares changing hands. The stock had previously closed at $36.46.
BCO has been the subject of a number of recent analyst reports. Imperial Capital lifted their target price on Brink’s from $30.00 to $31.50 and gave the company an “in-line” rating in a report on Friday, May 20th. Zacks Investment Research lowered Brink’s from a “buy” rating to a “hold” rating in a report on Monday, May 23rd.
The firm has a market capitalization of $1.86 billion and a P/E ratio of 1977.89. The company has a 50-day moving average of $31.12 and a 200 day moving average of $30.73.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $739.50 million for the quarter, compared to analysts’ expectations of $699.03 million. During the same period last year, the business earned $0.27 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that Brink’s Co. will post $2.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, July 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, July 22nd.
In other news, Director George I. Stoeckert bought 7,300 shares of the stock in a transaction on Wednesday, June 15th. The shares were bought at an average price of $29.19 per share, with a total value of $213,087.00. Following the completion of the acquisition, the director now owns 7,300 shares in the company, valued at $213,087. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amit Zukerman sold 10,518 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total value of $385,905.42. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Brink’s during the fourth quarter worth $1,172,000. New York State Common Retirement Fund increased 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 worth $1,359,000 after buying an additional 1,100 shares in the last quarter. Bank of Montreal Can increased 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 worth $2,546,000 after buying an additional 72,013 shares in the last quarter. Principal Financial Group Inc. increased its position in 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 in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in 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 in 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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