Insider Selling: Brink's Company (The) (NYSE:BCO) Insider Sells 746 Shares of Stock

Key Points

• Insider Transaction: Michael E. Sweeney, an insider at Brink's Company, sold 746 shares at an average price of $115.00, resulting in a total value of $85,790, which reduced his ownership by 8.74%.
• Quarterly Earnings: Brink's reported $1.79 earnings per share for the recent quarter, exceeding analysts' estimates and reflecting a year-over-year revenue increase of 3.8% to $1.30 billion.
• Dividend Announcement: The company declared a quarterly dividend of $0.255 per share, representing a yield of 0.9%, which will be paid on September 2nd.

Brink's Company (The) (NYSE:BCO - Get Free Report) insider Michael E. Sweeney sold 746 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $85,790.00. Following the completion of the transaction, the insider directly owned 7,785 shares in the company, valued at approximately $895,275. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Brink's Stock Performance

Shares of NYSE BCO traded down $1.24 during trading on Friday, reaching $110.08. The stock had a trading volume of 349,045 shares, compared to its average volume of 318,007. 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 1.51 and a current ratio of 1.51. The stock has a market cap of $4.59 billion, a PE ratio of 29.75 and a beta of 1.46. The firm's 50 day moving average price is $92.80 and its two-hundred day moving average price is $89.95.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $1.67 EPS. The business's quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts forecast that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The business also recently disclosed 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. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, July 28th. Brink's's dividend payout ratio is presently 27.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in Brink's by 8.2% during the 2nd quarter. American Century Companies Inc. now owns 1,650,856 shares of the business services provider's stock worth $147,405,000 after buying an additional 125,757 shares during the last quarter. Ariel Investments LLC grew its stake in shares of Brink's by 8.7% in the first quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider's stock worth $120,132,000 after purchasing an additional 112,180 shares in the last quarter. LSV Asset Management grew its stake in shares of Brink's by 4.7% in the second quarter. LSV Asset Management now owns 1,080,612 shares of the business services provider's stock worth $96,488,000 after purchasing an additional 48,320 shares in the last quarter. Channing Capital Management LLC grew its stake in shares of Brink's by 7.6% in the first 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 in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Brink's by 14.0% in the fourth quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock worth $56,896,000 after purchasing an additional 75,138 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.

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