BCO has been the topic of several other reports. Imperial Capital lifted their price target on shares of Brink’s from $30.00 to $31.50 and gave the company an in-line rating in a research note on Friday, May 20th. Zacks Investment Research lowered shares of Brink’s from a buy rating to a hold rating in a research note on Monday, May 23rd.
Shares of Brink’s (NYSE:BCO) traded up 2.83% during midday trading on Friday, reaching $35.93. 98,679 shares of the company were exchanged. Brink’s has a 52-week low of $25.80 and a 52-week high of $37.85. The company has a market capitalization of $1.78 billion, a P/E ratio of 1891.05 and a beta of 1.52. The stock has a 50-day moving average price of $35.86 and a 200 day moving average price of $31.98.
Brink’s (NYSE:BCO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The firm had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. During the same period in the previous year, the business earned $0.27 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts expect that Brink’s will post $2.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, July 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, July 22nd. Brink’s’s dividend payout ratio (DPR) is presently 1,333.33%.
In related news, insider Thomas Colan sold 935 shares of Brink’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $35,249.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ronald James Domanico bought 16,744 shares of Brink’s stock in a transaction that occurred on Thursday, July 14th. The shares were bought at an average cost of $29.86 per share, with a total value of $499,975.84. Following the acquisition, the chief financial officer now directly owns 16,744 shares in the company, valued at approximately $499,975.84. The disclosure for this purchase can be found here. 11.29% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Martingale Asset Management L P increased its stake in shares of Brink’s by 1.1% in the second quarter. Martingale Asset Management L P now owns 9,219 shares of the company’s stock valued at $263,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Brink’s by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the company’s stock valued at $178,000 after buying an additional 193 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Brink’s by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock valued at $621,000 after buying an additional 200 shares during the last quarter. PineBridge Investments L.P. increased its stake in shares of Brink’s by 4.7% in the second quarter. PineBridge Investments L.P. now owns 6,256 shares of the company’s stock valued at $178,000 after buying an additional 283 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Brink’s by 2.5% in the second quarter. Capstone Asset Management Co. now owns 14,889 shares of the company’s stock valued at $424,000 after buying an additional 370 shares during the last quarter. 93.07% of the stock is owned by institutional investors and hedge funds.
Brink’s Company Profile
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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