CAPROCK Group Inc. acquired a new stake in Brink’s Company (The) (NYSE:BCO) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,020 shares of the business services provider’s stock, valued at approximately $202,000.
Other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $153,000. Group One Trading L.P. bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $160,000. FTB Advisors Inc. bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $184,000. Ameritas Investment Partners Inc. bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $208,000. Finally, Oxford Asset Management bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $214,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.
Brink’s Company (NYSE BCO) traded down 0.33% during midday trading on Friday, reaching $75.80. 411,199 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.83 billion, a P/E ratio of 45.12 and a beta of 1.71. The stock’s 50 day moving average is $72.88 and its 200 day moving average is $61.03. Brink’s Company has a 52 week low of $33.99 and a 52 week high of $81.35.
Brink’s Company (The) (NYSE:BCO) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $806 million for 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%. Brink’s Company (The)’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, analysts expect that Brink’s Company will post $3.02 EPS for the current fiscal year.
Brink’s Company (The) declared that its board has approved a share repurchase program on Monday, May 8th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. Brink’s Company (The)’s payout ratio is currently 35.71%.
A number of research firms have issued reports on BCO. Imperial Capital upgraded 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 report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.00.
In other news, Director Peter A. Feld sold 86,151 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $78.18, for a total transaction of $6,735,285.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter A. Feld sold 1,845 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $76.00, for a total transaction of $140,220.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,214,415 shares of company stock worth $82,535,694. Corporate insiders own 10.40% 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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