Insider Selling: The Brink’s Company Insider Sells 11,749 Shares of Stock (BCO)
The Brink’s Company (NYSE:BCO) Insider Matthew Ap Schumacher sold 11,749 shares of The Brink’s Company stock on the open market in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $31.23, for a total value of $366,921.27. Following the completion of the transaction, the insider now directly owns 9,554 shares of the company’s stock, valued at approximately $298,371. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Imperial Capital raised their price target on shares of The Brink’s Company from $31.00 to $35.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The Brink’s Company has a consensus rating of “Hold” and an average price target of $30.55.
Shares of The Brink’s Company (NYSE:BCO) traded up 0.10% on Thursday, hitting $31.40. 337,736 shares of the company’s stock traded hands. The Brink’s Company has a 1-year low of $21.77 and a 1-year high of $30.75. The stock has a 50-day moving average of $28.36 and a 200-day moving average of $27.1. The company has a market cap of $1.503 billion and a price-to-earnings ratio of 34.89.
The Brink’s Company (NYSE:BCO) last announced its earnings results on Thursday, October 24th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.22. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $998.10 million. Analysts expect that The Brink’s Company will post $2.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 13th.
The Brink’s Company (NYSE:BCO) is a provider of secure logistics and security solutions services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations around the world.
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