The Brink’s Company (NYSE:BCO) Sees Significant Drop in Short Interest

The Brink’s Company (NYSE:BCO) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 752,200 shares, a decrease of 26.3% from the January 31st total of 1,020,000 shares. Based on an average trading volume of 246,300 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BCO shares. Truist Financial dropped their target price on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, February 28th.

Brink’s Trading Up 1.1 %

Shares of Brink’s stock traded up $0.93 on Wednesday, hitting $87.23. 297,392 shares of the company’s stock traded hands, compared to its average volume of 242,450. The firm’s 50-day moving average price is $92.56 and its two-hundred day moving average price is $99.56. 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 capitalization of $3.76 billion, a PE ratio of 33.04 and a beta of 1.39. Brink’s has a one year low of $82.82 and a one year high of $115.91.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, research analysts expect that Brink’s will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s payout ratio is presently 26.87%.

Institutional Investors Weigh In On Brink’s

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its position in shares of Brink’s by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock valued at $441,125,000 after buying an additional 510,389 shares in the last quarter. State Street Corp increased its holdings in shares of Brink’s by 5.1% in the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock worth $198,758,000 after acquiring an additional 82,999 shares in the last quarter. American Century Companies Inc. raised its position in shares of Brink’s by 0.7% during the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock worth $138,845,000 after purchasing an additional 9,777 shares during the period. Ariel Investments LLC lifted its holdings in shares of Brink’s by 12.3% during the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock valued at $118,941,000 after purchasing an additional 140,895 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Brink’s by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock valued at $121,022,000 after purchasing an additional 8,841 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.