The company is now up from yesterday’s close of $67.3. Shares are trading at $69.00 which is just a bit higher than the 50 day moving average of $64.14 and which is marginally over the 200 day moving average of $53.75. The 50 day moving average was up by +7.58% and the 200 day average moved up $15.25.
Brinks Company (The) (NYSE:BCO) has been the object of insider selling activity recently. Director Peter A. Feld disclosed the sale of 475,000 shares of BCO stock. The shares sold for $65.10. The Director now owns $25,330,019 of the stock according to the SEC filing. Director Peter A. Feld sold 400,000 shares at a price of $63.25 on Thu the 1st. Feld now owns $28,297,860 of stock as recorded in a recent Form 4 SEC filing.
Michael J. Herling, Director let go of $122,120 worth of shares at an average price of $61.06 on Mon the 15th. That brings Herling’s holdings to $181,959 as reported to the SEC.
The Brink’s Company (Brink’s), launched on September 12, 1984, 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 Business’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. Its customers include financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world. As of December 31, 2016, the Business’s global network served customers in over 100 countries. Its services offerings include Core Services, High-Value Services and Other Security Services..
These firms have also modified their investment in BCO. As of the end of the quarter Private Trust Co Na had disposed of a total of 1,012 shares trimming its stake by 25.0%. The value of the investment in BCO decreased from $216,000 to $203,000 a change of $13,000 since the last quarter. As of quarter end Bank Of Montreal /can/ had sold 36 shares trimming its holdings by 17.2%. The value of the total investment in Brinks Company (The) went from $11,000 to $12,000 increasing 9.1% for the reporting period.
Davenport & Co LLC reduced its position by selling 300 shares a decrease of 1.0%. Davenport & Co LLC owns 29,770 shares with a value of $1,228,000. The value of the position overall is down by 1.0%. Capstone Asset Management Co divested its investment by shedding 760 shares a decrease of 8.2% as of 06/30/2017. Capstone Asset Management Co now controls 8,459 shares valued at $567,000. The total value of its holdings increased 15.0%.
Imperial Capital both downgraded the stock and raised the price target on October 28 changing the price objective from $30.00 to $42.00 and moving the rating from “In-line” to “In-Line”. On October 28 the stock rating was downgraded from “In-line” to “In-Line” with a current price target of $42.00 in a report from Imperial Capital.
September 16 investment analysts at Macquarie left the company rating at “Neutral” but moved up the price target to $38.00 from $31.00. On May 6 the company was downgraded to “In-line” from “Outperform” and a price target of $30.00 was set by Imperial Capital.
On May 6, 2015 Imperial Capital held the price objective at $30.00 but downgraded the stock from Outperform to In-line. On May 6 the stock rating was upgraded from “Hold” to “Buy” in an announcement from Gabelli.
The company recently announced a dividend which was paid on Thursday the 1st of June 2017. The dividend was $0.150 per share for the quarter or $0.60 on an annualized basis. This dividend amount was represent a yeild of $0.90. The ex-dividend date was set for Tuesday the 16th of May 2017.
The P/E ratio is 48.83 and the market cap is 3.48B. As of the latest earnings report the EPS was $1.41 and is estimated to be $2.63 for the current year with 50,387,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.70 with next year’s EPS projected to be $3.04.