Brink’s (NYSE:BCO) Hits New 12-Month High at $88.57
Brink’s (NYSE:BCO)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $88.57 and last traded at $87.72, with a volume of 227232 shares trading hands. The stock had previously closed at $88.03.
Separately, Zacks Investment Research lowered Heritage Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Brink’s has an average rating of “Buy” and a consensus target price of $90.00.
The firm’s 50-day moving average is $82.69. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.43 and a beta of 1.45. The company has a debt-to-equity ratio of 8.90, a quick ratio of 1.37 and a current ratio of 1.37.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.68%. Brink’s’s dividend payout ratio (DPR) is presently 17.34%.
In related news, insider Thomas Colan sold 6,374 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $83.51, for a total value of $532,292.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amit Zukerman sold 21,946 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $79.94, for a total value of $1,754,363.24. The disclosure for this sale can be found here. Insiders have sold 33,320 shares of company stock valued at $2,686,656 in the last 90 days. Company insiders own 1.05% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Brink’s by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,075,897 shares of the business services provider’s stock valued at $69,555,000 after purchasing an additional 40,248 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of Brink’s by 6.4% in the first quarter. Eagle Asset Management Inc. now owns 756,300 shares of the business services provider’s stock valued at $57,032,000 after purchasing an additional 45,637 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Brink’s by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 569,383 shares of the business services provider’s stock valued at $36,810,000 after purchasing an additional 7,196 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Brink’s by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 541,449 shares of the business services provider’s stock valued at $35,004,000 after purchasing an additional 41,350 shares during the period. Finally, Norges Bank purchased a new stake in Brink’s during the fourth quarter worth $33,613,000. Hedge funds and other institutional investors own 98.36% of the company’s stock.
Brink’s Company Profile (NYSE:BCO)
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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