Shares of Brink's (NYSE:BCO) rose 11.1% on Thursday . The company traded as high as $87.05 and last traded at $86.90. Approximately 994,346 shares were traded during trading, an increase of 180% from the average daily volume of 355,568 shares. The stock had previously closed at $78.25.
Several research firms have recently commented on BCO. Sidoti raised shares of Brink's from a “neutral” rating to a “buy” rating in a research report on Thursday. SunTrust Banks restated a “buy” rating and set a $98.00 price objective on shares of Brink's in a research note on Wednesday, October 18th. ValuEngine lowered shares of Brink's from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Brink's from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Brink's presently has an average rating of “Buy” and a consensus target price of $93.75.
The stock has a market capitalization of $4,390.00, a P/E ratio of 53.64 and a beta of 1.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21.
In other Brink's news, Director George I. Stoeckert acquired 2,700 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average cost of $80.55 per share, with a total value of $217,485.00. Following the completion of the purchase, the director now directly owns 12,014 shares in the company, valued at $967,727.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas A. Pertz acquired 6,570 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $76.18 per share, with a total value of $500,502.60. The disclosure for this purchase can be found here. Insiders have acquired 18,850 shares of company stock worth $1,461,348 in the last quarter. Company insiders own 10.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BCO. Tower Research Capital LLC TRC lifted its position in shares of Brink's by 285.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,140 shares during the last quarter. Cypress Capital Management LLC WY purchased a new stake in shares of Brink's during the third quarter valued at about $122,000. Meeder Asset Management Inc. purchased a new stake in shares of Brink's during the third quarter valued at about $128,000. Seven Eight Capital LP purchased a new stake in shares of Brink's during the second quarter valued at about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brink's by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after buying an additional 1,118 shares during the last quarter. 90.55% of the stock is owned by institutional investors.
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The Brink’s Company (Brink’s) 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 Company’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.
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