Brink's Company (The) (NYSE:BCO) Insider Sells $130,151.70 in Stock

Key Points

• Insider Michael E. Sweeney sold 1,314 shares of Brink's Company stock for a total of $130,151.70, representing an 11.29% decrease in his position.
• Brink's reported earnings of $1.79 per share for the quarter, exceeding expectations and showing a 3.8% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.255 per share, with a yield of 1.0%, scheduled for payout on September 2nd.

Brink's Company (The) (NYSE:BCO - Get Free Report) insider Michael E. Sweeney sold 1,314 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total value of $130,151.70. Following the transaction, the insider directly owned 10,326 shares in the company, valued at approximately $1,022,790.30. This represents a 11.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Brink's Trading Up 0.4%

Shares of NYSE BCO traded up $0.38 during mid-day trading on Friday, hitting $105.34. The company's stock had a trading volume of 406,966 shares, compared to its average volume of 283,402. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The company's fifty day simple moving average is $90.15 and its 200-day simple moving average is $89.39. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.52. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 28.47 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.36. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $1.67 earnings per share. Brink's's revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. 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 downgraded Brink's from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Institutional Investors Weigh In On Brink's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCO. Trust Co. of Toledo NA OH acquired a new position in shares of Brink's during the 2nd quarter worth about $32,000. UMB Bank n.a. boosted its stake in Brink's by 1,450.0% during the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after acquiring an additional 464 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Brink's by 32.0% during the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after purchasing an additional 130 shares during the period. CWM LLC increased its stake in Brink's by 53.8% in the second quarter. CWM LLC now owns 512 shares of the business services provider's stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Brink's in the fourth quarter worth $56,000. 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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