SunTrust Banks, Inc. reissued their buy rating on shares of Brink’s Company (The) (NYSE:BCO) in a report released on Wednesday, October 18th. They currently have a $98.00 price objective on the business services provider’s stock.
Several other equities research analysts also recently weighed in on BCO. Zacks Investment Research downgraded Brink’s Company (The) from a strong-buy rating to a hold rating in a research report on Monday, September 18th. ValuEngine raised shares of Brink’s Company (The) from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, Imperial Capital lifted their price target on shares of Brink’s Company (The) from $65.00 to $72.00 and gave the company an outperform rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $93.67.
Shares of Brink’s Company (BCO) traded up $2.55 during midday trading on Wednesday, reaching $79.90. The company’s stock had a trading volume of 995,011 shares, compared to its average volume of 461,590. Brink’s Company has a 52 week low of $38.48 and a 52 week high of $87.30. The company has a market capitalization of $3,990.00, a PE ratio of 26.58 and a beta of 1.70. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20.
Brink’s Company (The) (NYSE:BCO) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. Brink’s Company (The) had a return on equity of 35.15% and a net margin of 2.51%. Brink’s Company (The)’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. equities analysts predict that Brink’s Company will post 3.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 10th. This represents a $0.60 annualized dividend and a yield of 0.75%. Brink’s Company (The)’s payout ratio is currently 37.04%.
In other Brink’s Company (The) news, CFO Ronald James Domanico bought 3,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were acquired at an average price of $77.49 per share, with a total value of $232,470.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter A. Feld sold 79,845 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $76.47, for a total transaction of $6,105,747.15. The disclosure for this sale can be found here. Over the last quarter, insiders bought 15,150 shares of company stock worth $1,163,463 and sold 288,690 shares worth $22,098,477. 10.40% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Brink’s Company (The) by 285.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after buying an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Brink’s Company (The) in the second quarter worth approximately $114,000. Meeder Asset Management Inc. purchased a new position in shares of Brink’s Company (The) in the third quarter worth approximately $128,000. Seven Eight Capital LP purchased a new position in shares of Brink’s Company (The) in the second quarter worth approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brink’s Company (The) by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 91.23% of the company’s stock.
About Brink’s Company (The)
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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