Starboard Value LP is Buying Brink’s Company (NYSE:BCO) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Brink’s Company (NYSE:BCO) reported that Starboard Value LP has picked up 3,028,930 of common stock as of 2017-03-08.

The acquisition brings the aggregate amount owned by Starboard Value LP to a total of 3,028,930 representing a 6.1% 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’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, Europe, Middle East and Africa (EMEA), Asia and Payment Services. Its cash-in-transit services include the transportation of cash between businesses and financial institutions, such as banks and credit unions; cash, securities and other valuables between commercial banks and central banks. The Company’s global network serves customers in over 100 countries and includes ownership interest in over 40 countries and agency relationships with companies in additional countries.

A glance at Brink’s Company (NYSE:BCO)’s key stats reveals a current market capitalization of 2.65 Billion based on 50.04 Million shares outstanding and a price at last close of $52.25 per share.

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

Specifically, on 2017-03-07, Domanico picked up 500 at a purchase price of $52.20. This brings their total holding to 31,267 as of the date of the filing.

On the sell side, the most recent transaction saw Feld unload 7,111 shares at a sale price of $52.28. This brings their total holding to 550,501.

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 Brink’s Company (NYSE:BCO) as things move forward to see if its progress aligns with these transactions.

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