Michael E. Sweeney Sells 1,000 Shares of Brink's Company (The) (NYSE:BCO) Stock

Key Points

• Michael E. Sweeney, an insider at Brink's Company, sold 1,000 shares at an average price of $103.75, resulting in a 9.68% decrease in his ownership position.
• Brink's Company reported a quarterly earnings per share (EPS) of $1.79, surpassing analysts' expectations of $1.43, with a revenue increase of 3.8% year-over-year.
• The company announced a quarterly dividend of $0.255 per share, with an impending payout date of September 2nd for shareholders recorded on July 28th.

Brink's Company (The) (NYSE:BCO - Get Free Report) insider Michael E. Sweeney sold 1,000 shares of Brink's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $103.75, for a total value of $103,750.00. Following the completion of the sale, the insider directly owned 9,326 shares in the company, valued at approximately $967,572.50. This represents a 9.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brink's Stock Up 1.6%

BCO stock traded up $1.78 during midday trading on Wednesday, hitting $110.67. The company's stock had a trading volume of 140,287 shares, compared to its average volume of 313,922. The company's fifty day moving average price is $91.16 and its 200 day moving average price is $89.58. 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 twelve month low of $80.10 and a twelve month high of $115.91. The stock has a market capitalization of $4.61 billion, a P/E ratio of 29.95 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last announced 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. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%. Brink's's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. As a group, equities research analysts predict that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders 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 0.9%. Brink's's payout ratio is 27.57%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Brink's

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. bought a new position in shares of Brink's in the fourth quarter valued at $536,000. Principal Financial Group Inc. lifted its stake in Brink's by 1.2% in the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock valued at $10,920,000 after acquiring an additional 1,441 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Brink's by 16.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock valued at $5,959,000 after acquiring an additional 9,541 shares during the period. GAMMA Investing LLC increased its stake in shares of Brink's by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after purchasing an additional 151 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Brink's by 26.1% during the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock worth $187,000 after purchasing an additional 449 shares during the last quarter. 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.