Brink's Company (The) (NYSE:BCO) Director Arthelbert Louis Parker Sells 540 Shares

Key Points

• Brink's Company director Arthelbert Louis Parker sold 540 shares at an average price of $115.00, leading to a total transaction value of $62,100.00.
• The company's stock has seen a 7.56% decrease in Parker's ownership following the sale, with the director retaining 6,603 shares valued at approximately $759,345.
• Brink's reported $1.79 EPS for the quarter, exceeding analyst expectations, alongside a dividend of $0.255 scheduled for September 2nd.

Brink's Company (The) (NYSE:BCO - Get Free Report) Director Arthelbert Louis Parker sold 540 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the transaction, the director owned 6,603 shares of the company's stock, valued at approximately $759,345. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brink's Stock Performance

Shares of NYSE BCO traded down $1.24 during trading hours on Friday, reaching $110.08. The stock had a trading volume of 349,045 shares, compared to its average volume of 318,007. The business's fifty day moving average is $92.80 and its two-hundred day moving average is $89.95. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 29.75 and a beta of 1.46. Brink's Company has a twelve month low of $80.10 and a twelve month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.36. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%. Brink's's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. As a group, research analysts expect that Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, July 28th. Brink's's dividend payout ratio is 27.57%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Brink's from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 10th.

Institutional Trading of Brink's

A number of large investors have recently bought and sold shares of the stock. Captrust Financial Advisors grew its position in Brink's by 6.6% in the second quarter. Captrust Financial Advisors now owns 4,914 shares of the business services provider's stock valued at $439,000 after acquiring an additional 306 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Brink's during the second quarter worth $315,000. Simcoe Capital Management LLC bought a new stake in shares of Brink's during the second quarter worth $43,465,000. Oxford Asset Management LLP bought a new stake in shares of Brink's during the second quarter worth $564,000. Finally, Man Group plc grew its holdings in shares of Brink's by 34.6% during the second quarter. Man Group plc now owns 53,913 shares of the business services provider's stock worth $4,814,000 after purchasing an additional 13,853 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

About Brink's

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.