Michael E. Sweeney Sells 1,314 Shares of Brink's Company (The) (NYSE:BCO) 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 stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total transaction of $130,151.70. Following the completion of the sale, the insider owned 10,326 shares of the company's stock, valued at approximately $1,022,790.30. The trade was a 11.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Brink's Stock Performance

BCO stock traded up $1.78 during midday trading on Wednesday, hitting $110.67. The stock had a trading volume of 140,287 shares, compared to its average volume of 313,922. 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 stock has a 50-day simple moving average of $91.16 and a 200 day simple moving average of $89.58. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 29.95 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.36. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the company posted $1.67 EPS. The business's revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's payout ratio is presently 27.57%.

Institutional Investors Weigh In On Brink's

Several large investors have recently modified their holdings of BCO. FMR LLC lifted its position in shares of Brink's by 12.0% during the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after buying an additional 510,389 shares during the period. American Century Companies Inc. raised its stake in Brink's by 8.2% during 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 acquiring an additional 125,757 shares in the last quarter. Ariel Investments LLC lifted its holdings in shares of Brink's by 8.7% during the first quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider's stock valued at $120,132,000 after acquiring an additional 112,180 shares during the period. LSV Asset Management boosted its stake in shares of Brink's by 4.7% in the 2nd quarter. LSV Asset Management now owns 1,080,612 shares of the business services provider's stock valued at $96,488,000 after purchasing an additional 48,320 shares in the last quarter. Finally, Channing Capital Management LLC grew its holdings in shares of Brink's by 7.6% in the 1st quarter. Channing Capital Management LLC now owns 890,700 shares of the business services provider's stock worth $76,743,000 after purchasing an additional 62,676 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.