Starboard Value LP Buying Brinks Co (NYSE:BCO) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Brinks Co (NYSE:BCO) reported that Starboard Value LP has picked up 2,188,930 of common stock as of 2017-06-02.

The acquisition brings the aggregate amount owned by Starboard Value LP to a total of 2,188,930 representing less than 4.3% stake in the company.

For those not familiar with the company, 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. 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 Company’s global network served customers in over 100 countries. Its services offerings include Core Services, High-Value Services and Other Security Services.

A glance at Brinks Co (NYSE:BCO)’s key stats reveals a current market capitalization of 3.33 Billion based on 50.39 Million shares outstanding and a price at last close of $65.15 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-05-12, Pertz picked up 2,200 at a purchase price of $60.95. This brings their total holding to 2,200 as of the date of the filing.

On the sell side, the most recent transaction saw Herling unload 2,000 shares at a sale price of $61.06. This brings their total holding to 2,980.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Brinks Co (NYSE:BCO) as things move forward to see if its progress aligns with these transactions.

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