Insider Selling: Brink’s Company (The) (BCO) Director Sells 27,000 Shares of Stock
Brink’s Company (The) (NYSE:BCO) Director Peter A. Feld sold 27,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $80.83, for a total value of $2,182,410.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Brink’s Company (NYSE BCO) traded down 0.19% during trading on Wednesday, hitting $80.90. The stock had a trading volume of 261,794 shares. Brink’s Company has a 52 week low of $33.99 and a 52 week high of $84.00. The stock has a 50-day moving average price of $77.26 and a 200-day moving average price of $64.76. The company has a market cap of $4.08 billion, a PE ratio of 48.15 and a beta of 1.73.
Brink’s Company (The) (NYSE:BCO) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The business had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $730.87 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Equities analysts predict that Brink’s Company will post $3.02 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, July 25th. Brink’s Company (The)’s payout ratio is presently 35.71%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. Tower Research Capital LLC TRC raised its position in Brink’s Company (The) by 285.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Brink’s Company (The) in the second quarter worth about $114,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Brink’s Company (The) in the first quarter worth about $153,000. Seven Eight Capital LP acquired a new position in Brink’s Company (The) in the second quarter worth about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brink’s Company (The) by 93.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after purchasing an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.
BCO has been the subject of several recent research reports. Imperial Capital raised Brink’s Company (The) from an “in-line” rating to an “outperform” rating and upped their target price for the company from $72.00 to $86.00 in a report on Wednesday, August 9th. ValuEngine raised Brink’s Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brink’s Company (The) currently has a consensus rating of “Buy” and a consensus target price of $64.00.
Brink’s Company (The) Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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