Brink’s Co. (NYSE:BCO) saw an uptick in trading volume on Tuesday following a dividend announcement from the company. 371,916 shares were traded during trading, an increase of 26% from the previous session’s volume of 295,617 shares.The stock last traded at $36.90 and had previously closed at $36.87.
The newly announced dividend which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. Brink’s’s dividend payout ratio (DPR) is presently 1,333.33%.
A number of brokerages have commented on BCO. Zacks Investment Research cut Brink’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Macquarie increased their target price on Brink’s from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, September 16th. Finally, Imperial Capital upgraded Brink’s from an “in-line” rating to an “outperform” rating and increased their target price for the company from $31.50 to $38.00 in a report on Wednesday, August 3rd.
The company has a market capitalization of $1.83 billion, a P/E ratio of 1946.84 and a beta of 1.54. The company’s 50-day moving average price is $36.47 and its 200 day moving average price is $32.94.
Brink’s (NYSE:BCO) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.12. The firm earned $739.50 million during the quarter, compared to analysts’ expectations of $699.03 million. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. Brink’s’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Analysts predict that Brink’s Co. will post $2.00 EPS for the current year.
In other Brink’s news, insider Amit Zukerman sold 10,518 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total transaction of $385,905.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Colan sold 935 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $35,249.50. The disclosure for this sale can be found here. 11.29% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Brink’s by 58.0% in the second quarter. Sei Investments Co. now owns 4,370 shares of the company’s stock worth $124,000 after buying an additional 1,605 shares in the last quarter. BlackRock Inc. raised its position in Brink’s by 29.5% in the first quarter. BlackRock Inc. now owns 4,408 shares of the company’s stock worth $147,000 after buying an additional 1,003 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Brink’s during the second quarter worth $156,000. Cutler Group LP raised its position in Brink’s by 69.9% in the first quarter. Cutler Group LP now owns 6,023 shares of the company’s stock worth $202,000 after buying an additional 2,479 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Brink’s by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,171 shares of the company’s stock worth $176,000 after buying an additional 461 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.
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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