Daniel J. Castillo Sells 21,700 Shares of Brink's (NYSE:BCO) Stock

Key Points

• EVP Daniel J. Castillo sold 21,700 shares of Brink's Company (NYSE:BCO) stock for about $2.38 million, resulting in a 49.44% decrease in his ownership.
• Brink's reported a quarterly earnings per share of $1.79, beating estimates by $0.36, with a revenue of $1.30 billion, which is a 3.8% increase from the previous year.
• The company recently declared a quarterly dividend of $0.255 per share, reflecting an annualized dividend yield of 0.9%.

Brink's Company (The) (NYSE:BCO - Get Free Report) EVP Daniel J. Castillo sold 21,700 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the transaction, the executive vice president directly owned 22,188 shares in the company, valued at $2,434,023.60. The trade was a 49.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Brink's Trading Up 2.9%

NYSE:BCO traded up $3.2320 during mid-day trading on Friday, hitting $113.1820. The company had a trading volume of 393,347 shares, compared to its average volume of 382,081. Brink's Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. The business's fifty day moving average is $95.43 and its two-hundred day moving average is $90.55. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $4.72 billion, a P/E ratio of 30.59 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results 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 return on equity of 86.86% and a net margin of 3.21%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new position in Brink's during the second quarter valued at approximately $32,000. UMB Bank n.a. boosted its position in Brink's by 1,450.0% during the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after purchasing an additional 464 shares during the last quarter. Hexagon Capital Partners LLC boosted its position 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 last quarter. CWM LLC boosted its position in Brink's by 53.8% during 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 during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Brink's by 161.5% during the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock valued at $47,000 after purchasing an additional 323 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 upgraded Brink's from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $138.00.

Brink's Company Profile

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.