Insider Selling: Brink's Company (The) (NYSE:BCO) Insider Sells 488 Shares of Stock

Key Points

• Insider Activity: Brink's Company insider Michael E. Sweeney sold 488 shares at an average price of $95.00, representing a 4.02% decrease in his position, leaving him with 11,640 shares valued at approximately $1.1 million.
• Quarterly Earnings Report: Brink's reported earnings of $1.79 per share for the last quarter, exceeding estimates, while revenue increased by 3.8% year-over-year to $1.30 billion.
• Dividend Announcement: The company declared a quarterly dividend of $0.255 per share, with a payout ratio of 27.57%, set to be paid to shareholders on September 2nd.

Brink's Company (The) (NYSE:BCO - Get Free Report) insider Michael E. Sweeney sold 488 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $46,360.00. Following the completion of the sale, the insider directly owned 11,640 shares of the company's stock, valued at $1,105,800. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Brink's Trading Up 0.4%

BCO stock traded up $0.38 during midday trading on Friday, hitting $105.34. 406,966 shares of the company's stock were exchanged, 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 has a debt-to-equity ratio of 9.84, a quick ratio of 1.52 and a current ratio of 1.51. The company has a market cap of $4.42 billion, a PE ratio of 28.47 and a beta of 1.46. The stock's fifty day moving average price is $90.15 and its 200-day moving average price is $89.39.

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 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 for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the previous year, the business posted $1.67 EPS. Brink's's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts predict 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. Stockholders of record on Monday, July 28th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.02 annualized dividend and a dividend yield of 1.0%. Brink's's dividend payout ratio is currently 27.57%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of 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

Several large investors have recently made changes to their positions in BCO. Trust Co. of Toledo NA OH bought a new stake in Brink's in the 2nd quarter valued at $32,000. UMB Bank n.a. raised its stake in shares of Brink's by 1,450.0% in the 1st 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 period. Hexagon Capital Partners LLC lifted its holdings in shares of Brink's by 32.0% in 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 in the last quarter. CWM LLC lifted its holdings in shares of 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 position in shares of Brink's during the fourth quarter worth about $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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