Brink’s Company (The) (NYSE:BCO) traded down 5.5% during trading on Wednesday . The stock traded as low as $76.55 and last traded at $81.05. 819,476 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 522,732 shares. The stock had previously closed at $85.75.
Several equities research analysts have commented on the stock. Sidoti assumed coverage on shares of Brink’s Company (The) in a report on Friday, October 20th. They issued a “buy” rating on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $98.00 price target on shares of Brink’s Company (The) in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Brink’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $97.00 price target on the stock in a report on Tuesday, October 10th. ValuEngine lowered shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and upped their price target for the company from $72.00 to $86.00 in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Brink’s Company (The) has an average rating of “Buy” and a consensus target price of $93.67.
The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 48.24 and a beta of 1.70. The stock has a 50 day moving average of $82.97 and a 200-day moving average of $71.48.
Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. Brink’s Company (The)’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts predict that Brink’s Company will post $3.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 10th. Brink’s Company (The)’s payout ratio is 35.71%.
In other news, Director Peter A. Feld sold 1,845 shares of Brink’s Company (The) stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $76.00, for a total value of $140,220.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter A. Feld sold 86,151 shares of Brink’s Company (The) stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $78.18, for a total transaction of $6,735,285.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 501,415 shares of company stock worth $38,681,954. Insiders own 10.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Brink’s Company (The) in the third quarter valued at about $128,000. Tower Research Capital LLC TRC boosted its holdings in shares of Brink’s Company (The) by 285.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Brink’s Company (The) in the second quarter valued at about $114,000. Seven Eight Capital LP purchased a new stake in shares of Brink’s Company (The) in the second quarter valued at about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Brink’s Company (The) by 93.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 1,118 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.
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.