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 the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $103.75, for a total transaction of $103,750.00. Following the completion of the transaction, the insider directly owned 9,326 shares of the company's stock, valued at $967,572.50. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brink's Price Performance

NYSE:BCO traded up $0.38 during trading hours on Friday, reaching $105.34. The company had a trading volume of 406,966 shares, 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 quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The stock has a 50-day moving average of $90.15 and a two-hundred day moving average of $89.39. The firm has a market capitalization of $4.42 billion, a PE ratio of 28.47 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.36. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the company posted $1.67 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Analysts forecast that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a $0.255 dividend. The ex-dividend date is Monday, July 28th. This represents a $1.02 annualized dividend and a yield of 1.0%. Brink's's payout ratio is presently 27.57%.

Hedge Funds Weigh In On Brink's

Institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. bought a new stake in shares of Brink's during the fourth quarter worth $536,000. Principal Financial Group Inc. lifted its position in Brink's by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after buying an additional 1,441 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Brink's by 16.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock worth $5,959,000 after acquiring an additional 9,541 shares during the last quarter. GAMMA Investing LLC increased its position in Brink's by 16.2% in the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after acquiring an additional 151 shares in the last quarter. Finally, KBC Group NV increased its position in Brink's by 26.1% in the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock valued at $187,000 after acquiring an additional 449 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Brink's from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.