Short Interest in The Brink’s Company (NYSE:BCO) Decreases By 6.4%

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. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 291,800 shares, the days-to-cover ratio is currently 3.3 days.

Brink’s Trading Down 2.0 %

NYSE:BCO opened at $94.64 on Wednesday. Brink’s has a 12-month low of $79.03 and a 12-month high of $115.91. The firm has a market capitalization of $4.13 billion, a P/E ratio of 35.85 and a beta of 1.40. 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 business has a 50 day simple moving average of $100.52 and a 200 day simple moving average of $103.62.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $1.92 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that Brink’s will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a dividend of $0.2425 per share. The ex-dividend date was Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 1.02%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Insider Activity

In other news, EVP James K. Parks sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in Brink’s by 19.9% during the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider’s stock worth $32,862,000 after acquiring an additional 48,482 shares during the period. Geode Capital Management LLC boosted its position in Brink’s by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock worth $121,022,000 after acquiring an additional 8,841 shares during the period. Barclays PLC boosted its position in Brink’s by 204.3% during the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock worth $9,469,000 after acquiring an additional 54,975 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Brink’s in the third quarter valued at $590,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Brink’s in the third quarter valued at $751,000. 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 Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brink’s has an average rating of “Buy” and an average target price of $120.50.

About Brink’s

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.