Short Interest in The Brink’s Company (NYSE:BCO) Decreases By 5.6%

The Brink’s Company (NYSE:BCO) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 1,020,000 shares, a drop of 5.6% from the May 31st total of 1,080,000 shares. Based on an average daily volume of 251,600 shares, the short-interest ratio is currently 4.1 days. Approximately 2.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. GAMMA Investing LLC lifted its stake in shares of Brink’s by 119.0% during the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after purchasing an additional 250 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Brink’s during the first quarter worth about $300,000. LRI Investments LLC acquired a new position in shares of Brink’s during the first quarter worth about $37,000. Tidal Investments LLC lifted its stake in shares of Brink’s by 228.6% during the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock worth $1,580,000 after purchasing an additional 11,899 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of Brink’s by 4.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock worth $85,811,000 after purchasing an additional 41,678 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BCO shares. TheStreet downgraded Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. William Blair started coverage on Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating for the company. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $106.50.

Brink’s Trading Up 0.7 %

Shares of BCO stock traded up $0.74 during mid-day trading on Wednesday, hitting $102.14. 93,179 shares of the company’s stock were exchanged, compared to its average volume of 235,395. Brink’s has a fifty-two week low of $63.79 and a fifty-two week high of $105.50. The stock has a 50-day simple moving average of $98.24 and a two-hundred day simple moving average of $89.47. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 6.37. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 39.13 and a beta of 1.46.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.29. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Brink’s will post 7.56 EPS for the current fiscal year.

Brink’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a $0.243 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.97 dividend on an annualized basis and a yield of 0.95%. This is a boost from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

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.