Brink’s Co. (BCO) Announces $0.10 Quarterly Dividend
Brink’s Co. (NYSE:BCO) declared a quarterly dividend on Tuesday, October 18th. Stockholders of record on Monday, November 14th will be paid a dividend of 0.10 per share on Thursday, December 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.08%.
Shares of Brink’s (NYSE:BCO) traded up 0.24% on Tuesday, hitting $36.96. 352,529 shares of the stock traded hands. Brink’s has a 1-year low of $25.87 and a 1-year high of $38.16. The stock has a 50 day moving average of $36.48 and a 200-day moving average of $32.92. The stock has a market cap of $1.83 billion, a PE ratio of 1945.26 and a beta of 1.54.
Brink’s (NYSE:BCO) last announced its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.12. The company earned $739.50 million during the quarter, compared to analysts’ expectations of $699.03 million. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. Brink’s’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Brink’s will post $2.00 EPS for the current year.
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BCO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Brink’s from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Wednesday, September 28th. Imperial Capital reaffirmed an “in-line” rating and issued a $31.50 price target on shares of Brink’s in a research note on Friday, July 15th. Finally, Macquarie boosted their price target on Brink’s from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, September 16th.
In other Brink’s news, insider Amit Zukerman sold 10,518 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.69, for a total transaction of $385,905.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Colan sold 935 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $37.70, for a total value of $35,249.50. The disclosure for this sale can be found here. 11.29% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Martingale Asset Management L P increased its position in shares of Brink’s by 1.1% in the second quarter. Martingale Asset Management L P now owns 9,219 shares of the company’s stock valued at $263,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in shares of Brink’s by 2.0% in the second quarter. Arizona State Retirement System now owns 25,608 shares of the company’s stock valued at $730,000 after buying an additional 500 shares during the last quarter. Profund Advisors LLC increased its position in shares of Brink’s by 4.9% in the second quarter. Profund Advisors LLC now owns 15,790 shares of the company’s stock valued at $450,000 after buying an additional 742 shares during the last quarter. BlackRock Inc. increased its position in shares of Brink’s by 19.8% in the second quarter. BlackRock Inc. now owns 5,281 shares of the company’s stock valued at $151,000 after buying an additional 873 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of Brink’s by 2.1% in the second quarter. BlackRock Group LTD now owns 76,823 shares of the company’s stock valued at $2,189,000 after buying an additional 1,582 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.
Brink’s Company Profile
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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