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

The Brink’s Company (NYSE:BCO) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 973,500 shares, a decline of 6.4% from the November 15th total of 1,040,000 shares. Based on an average trading volume of 291,800 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.2% of the shares of the stock are short sold.

Insider Transactions at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Brink’s

A number of institutional investors have recently modified their holdings of BCO. SG Americas Securities LLC raised its holdings in shares of Brink’s by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after acquiring an additional 6,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Brink’s in the second quarter valued at about $228,000. Swedbank AB acquired a new position in Brink’s in the 2nd quarter worth about $7,700,000. MFA Wealth Advisors LLC purchased a new stake in shares of Brink’s during the 2nd quarter worth about $47,000. Finally, Bailard Inc. lifted its holdings in shares of Brink’s by 168.2% during the 2nd quarter. Bailard Inc. now owns 5,900 shares of the business services provider’s stock valued at $604,000 after buying an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective 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. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Brink’s currently has an average rating of “Buy” and an average price target of $120.50.

Brink’s Stock Up 2.1 %

Shares of BCO traded up $1.96 during mid-day trading on Monday, reaching $96.58. The company’s stock had a trading volume of 300,140 shares, compared to its average volume of 262,407. Brink’s has a 1 year low of $79.03 and a 1 year high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 36.58 and a beta of 1.40. The business has a fifty day moving average of $100.52 and a 200 day moving average of $103.62.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.92 earnings per share. As a group, analysts forecast that Brink’s will post 6.51 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.2425 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 1.00%. Brink’s’s payout ratio is 36.74%.

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.