Brink’s Company (The) (NYSE:BCO) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $85.50 and last traded at $85.50, with a volume of 52,865 shares changing hands. The stock had previously closed at $84.05.
A number of research analysts have issued reports on BCO shares. Imperial Capital boosted their target price on shares of Brink’s Company (The) from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. 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, Zacks Investment Research lowered shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $91.50.
The company has a market capitalization of $4.36 billion, a P/E ratio of 51.43 and a beta of 1.70. The firm has a 50 day moving average price of $81.10 and a 200 day moving average price of $69.31.
Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.18. The firm had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. On average, equities research analysts anticipate that Brink’s Company will post $3.02 earnings per share for the current year.
In other Brink’s Company (The) news, Director Peter A. Feld sold 86,151 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $78.18, for a total value of $6,735,285.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mcalister C. Marshall II sold 4,848 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $77.67, for a total transaction of $376,544.16. The disclosure for this sale can be found here. Insiders sold a total of 501,415 shares of company stock valued at $38,681,954 in the last 90 days. Corporate insiders own 10.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Perpetual Ltd acquired a new stake in Brink’s Company (The) in the 2nd quarter valued at about $3,888,000. Dynamic Technology Lab Private Ltd acquired a new stake in Brink’s Company (The) in the 2nd quarter valued at about $370,000. WINTON GROUP Ltd increased its position in Brink’s Company (The) by 61.0% in the 2nd quarter. WINTON GROUP Ltd now owns 110,284 shares of the business services provider’s stock valued at $7,389,000 after acquiring an additional 41,774 shares in the last quarter. Colony Group LLC increased its position in Brink’s Company (The) by 4.3% in the 2nd quarter. Colony Group LLC now owns 89,461 shares of the business services provider’s stock valued at $5,994,000 after acquiring an additional 3,675 shares in the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in Brink’s Company (The) in the 2nd quarter valued at about $954,000. Hedge funds and other institutional investors own 89.85% 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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