Brink’s (NYSE:BCO) CEO Douglas A. Pertz bought 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $72.65 per share, with a total value of $363,250.00. Following the purchase, the chief executive officer now directly owns 251,900 shares of the company’s stock, valued at $18,300,535. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE BCO opened at $76.58 on Thursday. The stock has a market cap of $3.78 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. Brink’s has a 1 year low of $59.08 and a 1 year high of $85.00. The company has a quick ratio of 1.39, a current ratio of 1.42 and a debt-to-equity ratio of 8.83.
Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $907.70 million during 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 business’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. As a group, research analysts anticipate that Brink’s will post 4.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, February 7th. Brink’s’s dividend payout ratio is currently 17.34%.
Separately, Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a report on Friday, February 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $93.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new position in shares of Brink’s during the fourth quarter valued at about $44,000. NumerixS Investment Technologies Inc acquired a new position in shares of Brink’s during the fourth quarter valued at about $44,000. Bremer Trust National Association acquired a new position in shares of Brink’s during the fourth quarter valued at about $86,000. ETF Managers Group LLC grew its holdings in shares of Brink’s by 18.1% during the fourth quarter. ETF Managers Group LLC now owns 1,865 shares of the business services provider’s stock valued at $121,000 after buying an additional 286 shares during the last quarter. Finally, Ffcm LLC grew its holdings in shares of Brink’s by 1,899.1% during the fourth quarter. Ffcm LLC now owns 2,199 shares of the business services provider’s stock valued at $142,000 after buying an additional 2,089 shares during the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.
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Brink’s Company Profile
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.
Further Reading: What is a Leveraged Buyout (LBO)?
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