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 that occurred 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 sale, the executive vice president now owns 11,103 shares in the company, valued at $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Brink’s Price Performance

NYSE BCO opened at $96.21 on Thursday. The Brink’s Company has a 12-month low of $77.84 and a 12-month high of $115.91. The firm’s 50 day moving average is $105.21 and its 200-day moving average is $103.99. The company has a market capitalization of $4.20 billion, a PE ratio of 36.44 and a beta of 1.44. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

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

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 1.01%. Brink’s’s dividend payout ratio is 36.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial dropped their price objective on shares of 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 raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $120.50.

Institutional Inflows and Outflows

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

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.