The equity research analysts working for StockNews.com assumed coverage of Brink’s on Thursday in a report made public that day (NYSE: BCO).
The brokerage firm recommended “buying” the company’s stock since the company is a provider of business services.
On February 22nd, Brink’s (NYSE: BCO) shared their most recent financial results with the public.
The provider of business services reported earnings per share for the quarter of $2.10, which was $0.22 higher than the consensus projection of $1.88 by industry experts.
In their financial statements, Brink’s indicated a net margin of 3.81% and a return on equity of 69.23%.
The revenue that the company generated during the period in question came in at $1.19 billion, which was the same as what analysts in the relevant field had forecast it would be.
The company generated $1.68 per share in the same period the previous year. Over the previous three months, Brink’s saw an increase of 8.5% in their revenue.
According to the forecasts provided by equity market specialists, when the current fiscal year of Brink comes to a close, the company will have generated earnings equivalent to 6.64 cents per share.
On Thursday morning, the opening price of BCO shares on the New York Stock Exchange was $62.79. Over the previous twelve months, the price of a share of Brink’s has fluctuated between $48.38 and $70.05 at various points.
The stock’s price is currently trading at $63.77, above its 50-day moving average but below its 200-day moving average, currently trading at $59.06.
The company’s market capitalization is currently valued at $2.92 billion, its PE ratio is 17.30, and its beta is 1.35.
The ratio of debt to equity comes in at 5.74, the ratio of quick to current assets is 1.55, the ratio of current assets also comes in at 1.55, and so on.
In other news, a research note issued on Wednesday, February 22nd, by TheStreet rated the shares of Brink’s higher than they had been rated in the past, moving them from a “c+” rating to a “b” rating.
This was a different piece of information than the previous piece of news.
In related news, Director Michael J. Herling carried out a transaction on Monday, March 6th, in which he sold 3,089 of the company’s shares of stock.
This is one of the latest developments in connection with this topic.
The shares were sold for a total of $205,727.40, equivalent to a price of $66.60 per share and representing the average price of the shares.
After the completion of the sale, the director will have direct possession of 11,776 shares of the company.
Based on the current market price, these shares are worth $784,281.00.
If you click on this link, you will be taken to a legal filing made with the SEC, which will give you more information regarding the transaction and take you there immediately. On Thursday, March 9th, Executive Vice President Michael F.
Beech is said to have sold 22,500 shares of the company’s stock, as indicated by information obtained from other sources.
The cost of each share was a weighted average of $67.26 throughout the sale, resulting in a total transaction value equal to $1,513,350.00. Following the successful conclusion of the sale, the executive vice president is now the proud owner of 53,457 shares of the company’s stock, each of which has a current market value of $3,595,517.82.
The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC.
Michael J. Herling, currently serving as a director for the company, sold 3,089 shares of the company’s stock on Monday, March 6th.
The shares were sold for a total of $205,727.40, equivalent to a price of $66.60 per share and representing the average price of the shares.
After the sale, the director will have a direct ownership stake in the company equal to 11,776 shares, worth approximately $784,281.60 at the current market price.
The disclosure about the purchase can be found in this particular location.
The current percentage of the company’s stock owned by company insiders is 3.72%.
During the most recent period, significant investors have been engaged in the buying and selling of shares in the company.
During the third quarter, Lazard Asset Management LLC completed an increase of 1.6% in the amount of Brink’s stock held in its portfolio.
Lazard Asset Management LLC now has 32,477 shares of the business services provider’s stock following the acquisition of 520 shares during the most recent quarter.
The value of these 32,477 shares is worth a total of $1,573,000.
During the third quarter, Teza Capital Management LLC established a brand new position in Brinks by investing approximately 326,000 dollars.
During the third quarter, AlphaCrest Capital Management LLC saw an increase of 692.5 percent in the number of Brink’s shares held in its portfolio.
After making additional purchases during the relevant period amounting to 23,455 shares, AlphaCrest Capital Management LLC now owns 26,842 shares of the business services provider’s stock, which is $1,300,000.
These shares were acquired during the period in question.
During the third quarter of this year, the New York State Teachers Retirement System increased the total number of Brink’s shares owned by a percentage equal to 5.4%.
The New York State Teachers Retirement System now has 76,236 shares of the business services provider’s stock after making an additional purchase of 3,881 shares during the period in question.
These shares have a value of $3,693,000 each.
Last but certainly not least, during the third quarter, MYDA Advisors LLC purchased an additional holding in Brink’s that was valued at approximately $1,990,000.
The total ownership stake in the company is equivalent to 97.41 percent of the total number of shares outstanding, and institutional investors hold it.