The Brink’s Company (NYSE:BCO – Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $77.47 and last traded at $77.06, with a volume of 53538 shares changing hands. The stock had previously closed at $77.13.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on BCO. The Goldman Sachs Group increased their target price on Brink’s from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. StockNews.com downgraded Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 12th.
View Our Latest Report on Brink’s
Brink’s Trading Down 0.8 %
Brink’s (NYSE:BCO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.15). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a net margin of 2.40% and a return on equity of 50.85%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. As a group, research analysts forecast that The Brink’s Company will post 6.8 EPS for the current year.
Brink’s Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 31st were given a $0.22 dividend. The ex-dividend date was Friday, July 28th. This represents a $0.88 annualized dividend and a yield of 1.15%. Brink’s’s dividend payout ratio is currently 36.67%.
Insider Activity
In other news, Director Arthelbert Louis Parker sold 1,650 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $74.00, for a total transaction of $122,100.00. Following the transaction, the director now owns 3,036 shares of the company’s stock, valued at $224,664. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.65% of the company’s stock.
Institutional Trading of Brink’s
Large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Brink’s by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,504 shares of the business services provider’s stock valued at $606,000 after acquiring an additional 167 shares during the period. Public Employees Retirement System of Ohio grew its position in Brink’s by 8.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,206 shares of the business services provider’s stock worth $107,000 after purchasing an additional 179 shares during the period. Cim Investment Management Inc. grew its position in Brink’s by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 5,229 shares of the business services provider’s stock worth $349,000 after purchasing an additional 180 shares during the period. Vise Technologies Inc. grew its position in shares of Brink’s by 6.6% during the 2nd quarter. Vise Technologies Inc. now owns 3,342 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 208 shares during the period. Finally, Quarry LP grew its position in shares of Brink’s by 33.3% during the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; and cash-in-transit services.
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