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 the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the sale, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Brink’s Price Performance

Shares of Brink’s stock traded up $2.97 during trading hours on Monday, reaching $99.52. The company’s stock had a trading volume of 375,866 shares, compared to its average volume of 263,087. The firm has a 50 day moving average price of $105.72 and a 200-day moving average price of $103.97. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $4.34 billion, a P/E ratio of 37.71 and a beta of 1.44. The Brink’s Company has a one year low of $77.84 and a one year high of $115.91.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.28). The company had revenue of $1.19 billion for 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%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 earnings per share. On average, analysts predict that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.2425 dividend. 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 (DPR) is presently 36.74%.

Hedge Funds Weigh In On Brink’s

Several hedge funds have recently added to or reduced their stakes in BCO. US Bancorp DE boosted its position in shares of Brink’s by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after buying an additional 105 shares during the period. Arizona State Retirement System lifted its stake in shares of Brink’s by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 140 shares during the last quarter. Quarry LP boosted its holdings in Brink’s by 21.4% during the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 150 shares during the period. Inspire Investing LLC grew its position in Brink’s by 4.6% in the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 156 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC increased its stake in Brink’s by 7.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after purchasing an additional 181 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BCO shares. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial dropped their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Brink’s presently has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Company Profile

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.