Brink's Company (The) (NYSE:BCO) Director Keith R. Wyche Sells 475 Shares

Key Points

• Director Keith R. Wyche sold 475 shares of Brink's Company at an average price of $106.15, reducing his position by 11.43% and leaving him with 3,682 shares worth approximately $390,844.30.
• Brink's reported $1.79 earnings per share for the last quarter, exceeding estimates by $0.36, along with a revenue of $1.30 billion, which was higher than expected.
• The company announced a quarterly dividend of $0.255 per share, with a dividend yield of 0.9%, scheduled for payment on September 2nd.

Brink's Company (The) (NYSE:BCO - Get Free Report) Director Keith R. Wyche sold 475 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the transaction, the director directly owned 3,682 shares of the company's stock, valued at $390,844.30. The trade was a 11.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Brink's Trading Up 2.2%

Shares of NYSE:BCO traded up $2.31 during trading on Tuesday, reaching $108.93. 462,042 shares of the company traded hands, compared to its average volume of 301,396. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 29.44 and a beta of 1.46. Brink's Company has a 52-week low of $80.10 and a 52-week high of $115.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. The business's fifty day moving average is $91.16 and its 200-day moving average is $89.58.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.36. The firm 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%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 earnings per share. As a group, analysts forecast that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Brink's

A number of hedge funds and other institutional investors have recently made changes to their positions in BCO. Fourth Sail Capital LP bought a new position in Brink's in the second quarter worth $25,135,000. Boston Partners raised its holdings in Brink's by 80.3% in the second quarter. Boston Partners now owns 548,366 shares of the business services provider's stock worth $48,916,000 after purchasing an additional 244,242 shares in the last quarter. Ariel Investments LLC raised its holdings in Brink's by 12.3% in the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after purchasing an additional 140,895 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Brink's by 210.0% in the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock worth $18,429,000 after purchasing an additional 134,582 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Brink's by 8.2% in the second quarter. American Century Companies Inc. now owns 1,650,856 shares of the business services provider's stock worth $147,405,000 after purchasing an additional 125,757 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

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.

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