The Brink’s Company (NYSE:BCO) Short Interest Down 26.3% in February

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

Wall Street Analysts Forecast Growth

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

Brink’s Stock Up 1.1 %

Shares of NYSE:BCO traded up $0.93 during midday trading on Wednesday, reaching $87.23. The company had a trading volume of 297,392 shares, compared to its average volume of 242,450. The business’s 50 day moving average price is $92.56 and its 200 day moving average price is $99.56. Brink’s has a 1-year low of $82.82 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 stock has a market cap of $3.76 billion, a PE ratio of 33.04 and a beta of 1.39.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Research analysts forecast that Brink’s will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in Brink’s by 12.0% during the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock worth $441,125,000 after purchasing an additional 510,389 shares during the period. State Street Corp raised its stake in 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 valued at $198,758,000 after buying an additional 82,999 shares during the period. American Century Companies Inc. lifted its position in shares of Brink’s by 0.7% in the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock valued at $138,845,000 after buying an additional 9,777 shares during the last quarter. Ariel Investments LLC boosted its stake 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 worth $118,941,000 after acquiring an additional 140,895 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of 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 last quarter. 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.