Stock BuybacksBy The Online Investor Staff, updated Tue., Feb. 18, 2:20 AM
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Slide #15. The Brink's Company
The Brink's Company (NYSE:BCO)
The Brink's Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced that its board of directors authorized a $250 million share repurchase authorization that expires on December 31, 2021. The authorization replaces the company's previous share repurchase program, which expired December 31, 2019. Under the previous program, Brink's repurchased 1.3 million shares of its common stock for approximately $94 million, or an average cost of $69.35 per share.
Brink's is engaged in total cash management, route-based logistics and payment solutions including cash-in-transit, automated teller machine (ATM) services, cash management services, including vault outsourcing, money processing, and safe services, and international transportation of valuables. Co.'s service offerings, among others, include: cash-in-transit services, which include the transportation of cash between businesses and financial institutions; ATM services, which provide customers who own and operate ATMs a variety of service options; global services, which provide transportation of commodities; and CompuSafe® service, which provides a closed-loop system.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 97% of all stocks covered)
Based on Zacks ABR data;
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