Brink's Company (The) (NYSE:BCO) Insider Sells $87,450.00 in Stock

Key Points

• Insider Transaction: Brink's Company insider Michael E. Sweeney sold 795 shares of stock for $87,450, reducing their ownership by 8.52%.
• Stock Performance: Brink's shares decreased by 1.1%, trading at $110.08, with a market cap of $4.59 billion and earnings per share of $1.79 for the last quarter.
• Dividend Announcement: Brink's declared a quarterly dividend of $0.255 per share, which will be paid on September 2nd, reflecting a 0.9% yield.

Brink's Company (The) (NYSE:BCO - Get Free Report) insider Michael E. Sweeney sold 795 shares of Brink's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $110.00, for a total value of $87,450.00. Following the completion of the transaction, the insider directly owned 8,531 shares of the company's stock, valued at approximately $938,410. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Brink's Stock Down 1.1%

Shares of Brink's stock traded down $1.24 during trading on Friday, hitting $110.08. 349,045 shares of the stock were exchanged, compared to its average volume of 318,007. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 29.75 and a beta of 1.46. The firm's 50-day moving average price is $92.80 and its 200 day moving average price 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. Brink's Company has a 12-month low of $80.10 and a 12-month high of $115.91.

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 (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.36. Brink's had a return on equity of 86.86% and a net margin of 3.21%. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the firm posted $1.67 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

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 paid a dividend of $0.255 per share. The ex-dividend date is Monday, July 28th. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink's's payout ratio is presently 27.57%.

Institutional Investors Weigh In On Brink's

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Brink's in the second quarter valued at approximately $45,512,000. Simcoe Capital Management LLC purchased a new stake in Brink's in the second quarter valued at approximately $43,465,000. Fourth Sail Capital LP purchased a new stake in Brink's in the second quarter valued at approximately $25,135,000. Boston Partners lifted its stake in Brink's by 80.3% in the second quarter. Boston Partners now owns 548,366 shares of the business services provider's stock valued at $48,916,000 after buying an additional 244,242 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Brink's by 100.6% in the second quarter. First Trust Advisors LP now owns 405,199 shares of the business services provider's stock valued at $36,180,000 after buying an additional 203,251 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Wall Street Analyst Weigh In

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

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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