Michael E. Sweeney Sells 488 Shares of Brink's Company (The) (NYSE:BCO) 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 Brink's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $46,360.00. Following the transaction, the insider directly owned 11,640 shares in the company, valued at $1,105,800. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Brink's Stock Performance

Shares of NYSE BCO traded up $1.78 during midday trading on Wednesday, reaching $110.67. The company's stock had a trading volume of 140,287 shares, compared to its average volume of 313,922. The stock has a market capitalization of $4.61 billion, a P/E ratio of 29.95 and a beta of 1.46. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50 day moving average price of $91.16 and a 200-day moving average price of $89.58. 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 issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.27 billion. During the same period last year, the company posted $1.67 earnings per share. Brink's's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The business also recently declared 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's payout ratio is 27.57%.

Hedge Funds Weigh In On Brink's

Several institutional investors have recently added to or reduced their stakes in BCO. Norges Bank bought a new stake in Brink's in the second quarter worth about $45,512,000. Capital Fund Management S.A. bought a new position in shares of Brink's during the 2nd quarter valued at approximately $1,341,000. Russell Investments Group Ltd. raised its holdings in shares of Brink's by 17.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,270 shares of the business services provider's stock worth $2,435,000 after purchasing an additional 3,991 shares during the period. Boston Partners raised its holdings in shares of Brink's by 80.3% in the 2nd quarter. Boston Partners now owns 548,366 shares of the business services provider's stock worth $48,916,000 after purchasing an additional 244,242 shares during the period. Finally, XTX Topco Ltd lifted its stake in Brink's by 100.0% in the second quarter. XTX Topco Ltd now owns 24,284 shares of the business services provider's stock valued at $2,168,000 after purchasing an additional 12,142 shares during the last quarter. Institutional investors own 94.96% of the company's stock.

Analysts Set New Price Targets

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

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.