According to Zacks, “The Brink’s Company is a global leader in business and security services. Their three main businesses are Brink’s, Incorporated, the world’s premier provider of secure transportation and cash management services; Brink’s Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in global supply chain management. “
BCO has been the subject of a number of other research reports. Imperial Capital reiterated an in-line rating and set a $31.50 target price on shares of Brink’s in a research report on Friday, July 15th. Macquarie raised their price objective on shares of Brink’s from $33.00 to $38.00 and gave the company a neutral rating in a research report on Friday, September 16th.
Brink’s (NYSE:BCO) opened at 38.08 on Tuesday. Brink’s has a 12 month low of $25.87 and a 12 month high of $38.16. The firm has a market capitalization of $1.89 billion, a PE ratio of 2004.21 and a beta of 1.54. The firm has a 50-day moving average of $36.48 and a 200 day moving average of $32.71.
Brink’s (NYSE:BCO) last issued its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The firm earned $739.50 million during the quarter, compared to analyst estimates of $699.03 million. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. Equities research analysts forecast that Brink’s will post $2.00 earnings per share for the current year.
In other news, insider Amit Zukerman sold 10,518 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total value of $385,905.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Colan sold 935 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were 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 insiders.
A number of large investors have recently made changes to their positions in BCO. Sei Investments Co. raised its stake in shares of Brink’s by 58.0% in the second quarter. Sei Investments Co. now owns 4,370 shares of the company’s stock valued at $124,000 after buying an additional 1,605 shares during the last quarter. BlackRock Inc. raised its stake in shares of Brink’s by 29.5% in the first quarter. BlackRock Inc. now owns 4,408 shares of the company’s stock valued at $147,000 after buying an additional 1,003 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Brink’s during the second quarter valued at about $156,000. Teacher Retirement System of Texas raised its stake in shares of Brink’s by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,171 shares of the company’s stock valued at $176,000 after buying an additional 461 shares during the last quarter. Finally, PineBridge Investments L.P. raised 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. Institutional investors and hedge funds own 93.07% of the company’s stock.
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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