Brink’s Company (The) (BCO) CFO Acquires $230,550.00 in Stock
Brink’s Company (The) (NYSE:BCO) CFO Ronald James Domanico bought 3,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were bought at an average cost of $76.85 per share, with a total value of $230,550.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Ronald James Domanico also recently made the following trade(s):
- On Thursday, October 26th, Ronald James Domanico bought 3,000 shares of Brink’s Company (The) stock. The shares were bought at an average cost of $77.49 per share, with a total value of $232,470.00.
Brink’s Company (NYSE BCO) traded up $0.25 during midday trading on Friday, hitting $77.35. 644,028 shares of the stock traded hands, compared to its average volume of 490,846. The firm has a market capitalization of $3.77 billion, a PE ratio of 25.69 and a beta of 1.70.
Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. Brink’s Company (The) had a net margin of 2.51% and a return on equity of 35.15%. The business had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. During the same quarter last year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. equities research analysts expect that Brink’s Company will post 3.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, November 10th. Brink’s Company (The)’s payout ratio is 37.97%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Brink’s Company (The) by 522.1% in the third quarter. BNP Paribas Arbitrage SA now owns 123,783 shares of the business services provider’s stock valued at $10,429,000 after purchasing an additional 103,884 shares during the period. Alps Advisors Inc. boosted its stake in shares of Brink’s Company (The) by 126.8% in the third quarter. Alps Advisors Inc. now owns 10,493 shares of the business services provider’s stock valued at $884,000 after purchasing an additional 5,866 shares during the period. Bessemer Group Inc. purchased a new position in Brink’s Company (The) in the third quarter worth approximately $312,000. Advantus Capital Management Inc purchased a new position in Brink’s Company (The) in the third quarter worth approximately $538,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in Brink’s Company (The) in the third quarter worth approximately $1,575,000. 90.53% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. ValuEngine lowered shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $72.00 to $86.00 in a research note on Wednesday, August 9th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $98.00 target price on shares of Brink’s Company (The) in a research note on Wednesday, October 18th. Sidoti assumed coverage on shares of Brink’s Company (The) in a research note on Friday, October 20th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised shares of Brink’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $97.00 target price for the company in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $93.67.
Brink’s Company (The) 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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