Douglas A. Pertz Buys 5,000 Shares of Brink’s (BCO) Stock

Brink’s (NYSE:BCO) CEO Douglas A. Pertz bought 5,000 shares of Brink’s stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $72.65 per share, for a total transaction of $363,250.00. Following the completion of the acquisition, the chief executive officer now owns 251,900 shares in the company, valued at approximately $18,300,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of BCO stock opened at $76.24 on Wednesday. The stock has a market cap of $3.68 billion, a PE ratio of 22.03, a P/E/G ratio of 1.30 and a beta of 1.52. Brink’s has a 1-year low of $59.08 and a 1-year high of $85.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.53 and a current ratio of 1.39.

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Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, February 6th. The business services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The business had revenue of $907.70 million for the quarter, compared to analyst estimates of $925.06 million. Brink’s had a negative net margin of 0.96% and a positive return on equity of 68.11%. The company’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. Analysts forecast that Brink’s will post 4.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.60 annualized dividend and a yield of 0.79%. Brink’s’s payout ratio is 17.34%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in Brink’s by 0.4% in the fourth quarter. Arizona State Retirement System now owns 36,329 shares of the business services provider’s stock valued at $2,349,000 after buying an additional 151 shares during the period. ETF Managers Group LLC raised its holdings in Brink’s by 18.1% in 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 period. Macquarie Group Ltd. raised its holdings in Brink’s by 0.3% in the fourth quarter. Macquarie Group Ltd. now owns 108,554 shares of the business services provider’s stock valued at $7,018,000 after buying an additional 300 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Brink’s by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 20,402 shares of the business services provider’s stock valued at $1,319,000 after buying an additional 364 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brink’s by 12.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,484 shares of the business services provider’s stock valued at $225,000 after buying an additional 383 shares during the period. Hedge funds and other institutional investors own 97.08% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Brink’s from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Brink’s presently has a consensus rating of “Buy” and an average price target of $93.00.

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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.

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