The Brink’s Company (NYSE:BCO) EVP James K. Parks Sells 4,000 Shares

The Brink’s Company (NYSE:BCO) EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brink’s Stock Up 3.1 %

Shares of NYSE:BCO opened at $99.52 on Tuesday. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 37.70 and a beta of 1.44. The Brink’s Company has a 12-month low of $77.84 and a 12-month high of $115.91. The business has a 50-day moving average price of $105.72 and a 200 day moving average price of $103.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Brink’s’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.92 earnings per share. Sell-side analysts expect that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.97%. Brink’s’s dividend payout ratio is currently 36.74%.

Institutional Investors Weigh In On Brink’s

Several institutional investors and hedge funds have recently modified their holdings of the company. LRI Investments LLC acquired a new position in Brink’s in the 1st quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in shares of Brink’s in the second quarter valued at approximately $37,000. GAMMA Investing LLC boosted its stake in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 250 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of Brink’s in the second quarter valued at approximately $47,000. Finally, First Horizon Advisors Inc. lifted its holdings in Brink’s by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after buying an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analysts Set New Price Targets

BCO has been the topic of several recent research reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial cut their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $120.50.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.