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

The Brink’s Company (NYSE:BCO) EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the transaction, the executive vice president now directly owns 11,103 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brink’s Stock Up 3.1 %

Shares of BCO stock traded up $2.97 during midday trading on Monday, reaching $99.52. 375,866 shares of the stock were exchanged, compared to its average volume of 263,087. The firm has a market cap of $4.34 billion, a PE ratio of 37.71 and a beta of 1.44. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company’s 50 day moving average is $105.72 and its two-hundred day moving average is $103.97. The Brink’s Company has a 1 year low of $77.84 and a 1 year high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Brink’s’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. On average, equities research analysts predict that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Institutional Trading of Brink’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LRI Investments LLC purchased a new position in shares of Brink’s in the 1st quarter worth about $37,000. Headlands Technologies LLC purchased a new stake in Brink’s during the 2nd quarter valued at $37,000. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 250 shares during the period. MFA Wealth Advisors LLC bought a new position in shares of Brink’s in the 2nd quarter worth approximately $47,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of 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 acquiring an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BCO. Truist Financial reduced their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus 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.