ValuEngine upgraded shares of Brink’s Company (The) (NYSE:BCO) from a hold rating to a buy rating in a research note published on Friday, September 1st.
Separately, Imperial Capital lifted their price target on Brink’s Company (The) from $65.00 to $72.00 and gave the stock an outperform rating in a report on Monday, July 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Brink’s Company (The) presently has a consensus rating of Buy and an average price target of $64.00.
Shares of Brink’s Company (NYSE:BCO) traded up 0.56% during trading on Friday, hitting $81.00. 7,362,935 shares of the stock were exchanged. The stock’s 50 day moving average price is $77.59 and its 200 day moving average price is $65.19. Brink’s Company has a 52 week low of $35.25 and a 52 week high of $84.00. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 48.21 and a beta of 1.73.
Brink’s Company (The) (NYSE:BCO) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, equities analysts predict that Brink’s Company will post $3.02 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio is currently 35.71%.
In related news, SVP Mcalister C. Marshall II sold 13,500 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.96, for a total transaction of $1,038,960.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter A. Feld sold 1,845 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $76.00, for a total value of $140,220.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 501,415 shares of company stock valued at $38,681,954. 10.40% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Prudential Financial Inc. lifted its position in Brink’s Company (The) by 22.5% during the second quarter. Prudential Financial Inc. now owns 448,200 shares of the business services provider’s stock worth $30,029,000 after buying an additional 82,220 shares during the period. Alps Advisors Inc. acquired a new stake in Brink’s Company (The) during the 2nd quarter valued at approximately $310,000. Ameriprise Financial Inc. grew its stake in Brink’s Company (The) by 17.5% during the 1st quarter. Ameriprise Financial Inc. now owns 320,682 shares of the business services provider’s stock valued at $17,140,000 after purchasing an additional 47,737 shares in the last quarter. First Trust Advisors LP grew its stake in Brink’s Company (The) by 330.5% during the 2nd quarter. First Trust Advisors LP now owns 43,147 shares of the business services provider’s stock valued at $2,891,000 after purchasing an additional 33,125 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Brink’s Company (The) by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 347,111 shares of the business services provider’s stock valued at $18,553,000 after purchasing an additional 15,803 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.
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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