Brink’s Company (The) (NYSE:BCO) Director George I. Stoeckert bought 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were purchased at an average cost of $80.55 per share, for a total transaction of $217,485.00. Following the acquisition, the director now directly owns 12,014 shares in the company, valued at approximately $967,727.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Brink’s Company (BCO) opened at $80.75 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $4,080.00, a P/E ratio of 27.47 and a beta of 1.71. Brink’s Company has a twelve month low of $40.95 and a twelve month high of $87.30.
Brink’s (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 the Zacks’ consensus estimate of $0.75 by $0.08. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The business had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. During the same quarter in the prior year, the firm posted $0.64 EPS. Brink’s’s revenue was up 12.4% on a year-over-year basis. analysts forecast that Brink’s Company will post 3.05 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Cypress Capital Management LLC WY purchased a new position in Brink’s in the 3rd quarter worth approximately $122,000. Meeder Asset Management Inc. purchased a new position in Brink’s in the 3rd quarter worth approximately $128,000. Tower Research Capital LLC TRC grew its stake in Brink’s by 285.0% in 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 Brink’s in the 2nd quarter worth approximately $114,000. Finally, Seven Eight Capital LP purchased a new position in Brink’s in the 2nd quarter worth approximately $154,000. 90.56% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Brink’s from a “strong-buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine lowered shares of Brink’s from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Sidoti assumed coverage on shares of Brink’s in a report on Friday, October 20th. They set a “buy” rating on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $98.00 target price on shares of Brink’s in a report on Wednesday, October 18th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $93.67.
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Brink’s 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.
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