Michael F. Beech Sells 22,500 Shares of The Brink’s Company (NYSE:BCO) Stock

The Brink’s Company (NYSE:BCO – Get Rating) EVP Michael F. Beech sold 22,500 shares of Brink’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $67.26, for a total transaction of $1,513,350.00. Following the completion of the transaction, the executive vice president now directly owns 53,457 shares of the company’s stock, valued at $3,595,517.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brink’s Stock Performance

Shares of BCO stock opened at $64.63 on Wednesday. The company has a 50 day moving average price of $63.62 and a 200-day moving average price of $59.04. The Brink’s Company has a 52 week low of $48.38 and a 52 week high of $70.05. The firm has a market capitalization of $3.01 billion, a PE ratio of 17.80 and a beta of 1.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.74.

Brink’s (NYSE:BCO – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The business services provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.22. Brink’s had a net margin of 3.81% and a return on equity of 69.23%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities research analysts expect that The Brink’s Company will post 6.64 earnings per share for the current year.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 6th were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 3rd. This represents a $0.80 annualized dividend and a yield of 1.24%. Brink’s’s dividend payout ratio (DPR) is 22.04%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com lowered shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 23rd. TheStreet upgraded shares of Brink’s from a “c+” rating to a “b” rating in a research note on Wednesday, February 22nd.

Institutional Trading of Brink’s

Several large investors have recently added to or reduced their stakes in the business. Natixis bought a new stake in Brink’s during the fourth quarter valued at approximately $532,000. Point72 Middle East FZE bought a new position in shares of Brink’s in the fourth quarter worth approximately $81,000. Zuckerman Investment Group LLC boosted its position in shares of Brink’s by 3.0% in the fourth quarter. Zuckerman Investment Group LLC now owns 483,444 shares of the business services provider’s stock worth $25,966,000 after purchasing an additional 14,199 shares during the period. Kiwi Wealth Investments Limited Partnership bought a new position in shares of Brink’s in the fourth quarter worth approximately $581,000. Finally, Jane Street Group LLC boosted its position in shares of Brink’s by 43.6% in the fourth quarter. Jane Street Group LLC now owns 27,031 shares of the business services provider’s stock worth $1,452,000 after purchasing an additional 8,201 shares during the period. 97.41% of the stock is currently owned by institutional investors.

Brink’s Company Profile

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The Brink’s Co provides secure logistics and cash management services. It operates through the following segments: North America, Latin America, Europe and Rest of World. Its logistics and security solutions include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.