Brink’s (NYSE:BCO) SVP Rohan Pal sold 4,524 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $76.46, for a total transaction of $345,905.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Brink’s stock traded up $0.87 on Thursday, hitting $77.45. 342,390 shares of the company traded hands, compared to its average volume of 382,710. The stock has a market cap of $3.78 billion, a P/E ratio of 22.38, a PEG ratio of 1.25 and a beta of 1.59. The company has a debt-to-equity ratio of 8.83, a current ratio of 1.42 and a quick ratio of 1.39. Brink’s has a 52 week low of $59.08 and a 52 week high of $85.00.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, February 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.05. The firm had revenue of $907.70 million for the quarter, compared to analysts’ expectations of $925.06 million. Brink’s had a negative net margin of 0.96% and a positive return on equity of 68.11%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. As a group, equities analysts expect that Brink’s will post 4.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 7th. Brink’s’s payout ratio is currently 17.34%.
Several institutional investors have recently added to or reduced their stakes in BCO. Norges Bank bought a new stake in shares of Brink’s during the fourth quarter valued at approximately $33,613,000. UBS Oconnor LLC bought a new stake in Brink’s in the fourth quarter worth $20,688,000. Eagle Asset Management Inc. increased its position in Brink’s by 80.2% in the fourth quarter. Eagle Asset Management Inc. now owns 710,663 shares of the business services provider’s stock worth $45,944,000 after purchasing an additional 316,251 shares during the last quarter. Marshall Wace LLP bought a new stake in Brink’s in the third quarter worth $20,869,000. Finally, Saya Management LP bought a new stake in Brink’s in the fourth quarter worth $18,067,000. Hedge funds and other institutional investors own 98.36% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $93.00.
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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