It is currently trading at $68.90 a tad above the 50 day moving average which is $64.14 and which is marginally higher than the 200 day moving average of $53.75. The 50 day moving average went up $4.76 or +7.42% whereas the 200 day moving average was up $15.15 or +28.18%. Brinks Company (The) shares had a trading volume of 257K on Thursday. Trading volume was down 5.01% under the stocks average daily volume.
Brinks Company (The) (NYSE:BCO) has been the object of insider selling activity recently. Peter A. Feld, Director let go of $30,922,500 worth of shares at a price of $65.10 on Mon the 12th. Feld now owns $25,330,019 of stock as recorded in a recent Form 4 SEC filing. Director Peter A. Feld disclosed the sale of 400,000 shares of BCO stock. The shares were sold on June 1st for a price of $63.25. Feld now owns $28,297,860 of the stock according to the SEC filing.
Michael J. Herling, Director sold $122,120 worth of shares at an average price of $61.06 on May 15th. The Director now owns $181,959 of the stock as reported to the SEC.
The following firms have also recently changed their position in BCO. Private Trust Co Na reduced its investment by selling 1,012 shares a decrease of 25.0% in the quarter. Private Trust Co Na currently owns 3,036 shares worth $203,000. The total value of its holdings decreased 6.0%. Bank Of Montreal /can/ trimmed its stake by shedding 36 shares a decrease of 17.2% as of 06/30/2017. Bank Of Montreal /can/ owns 173 shares with a value of $12,000. The value of the position overall is up by 9.1%.
As of the end of the quarter Davenport & Co LLC had disposed of a total of 300 shares trimming its stake by 1.0%. The value of the investment in Brinks Company (The) went from $1,240,000 to $1,228,000 a change of 1.0% for the reporting period. Capstone Asset Management Co downsized its holdings by selling 760 shares a decrease of 8.2% from 03/31/2017 to 06/30/2017. Capstone Asset Management Co claims 8,459 shares valued at $567,000. The total value of its holdings increased 15.0%.
On October 28 the stock rating was downgraded to “In-Line” from “In-line” and a price target of $42.00 was set by analysts at Imperial Capital. Imperial Capital downgraded the stock and raised the price target on October 28 changing the price target from $30.00 to $42.00 and cutting the rating from “In-line” to “In-Line”.
On September 16 Macquarie maintained a stock rating of “Neutral” but raised the price target from $31.00 to $38.00. On May 6 the company was downgraded from “Outperform” to “In-line” with a current price target of $30.00 in a statement from Imperial Capital.
On May 6, 2015 Imperial Capital held the price target at $30.00 and downgraded the stock from Outperform to In-line. On May 6 the company was upgraded from “Hold” to “Buy” in an announcement from Gabelli.
The company is up since yesterday’s close of $67.3. Brinks Company (The) recently declared a dividend for shareholders that was paid on Thu Jun 1, 2017. The dividend was $0.150 per share for the quarter which comes to $0.60 on an annualized basis. The dividend yield was $0.89. The ex-dividend date was Tuesday the 16th of May 2017.
The P/E ratio is currently 48.76 and market cap is 3.47B. As of the latest earnings report the EPS was $1.41 and is projected to be $2.63 for the current year with 50,387,000 shares currently outstanding. Next quarter’s EPS is expected be $0.70 and the next full year EPS is projected to be $3.04.
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..