Short Interest in The Brink’s Company (NYSE:BCO) Drops By 26.3%

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. boosted its holdings in shares of Brink’s by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Brink’s during the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new position in shares of Brink’s during the 4th quarter worth approximately $55,000. Aquatic Capital Management LLC acquired a new position in shares of Brink’s during the 4th quarter worth approximately $56,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Brink’s by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after purchasing an additional 407 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brink’s Price Performance

BCO stock traded down $2.11 during trading on Tuesday, hitting $86.40. The stock had a trading volume of 339,836 shares, compared to its average volume of 241,111. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. Brink’s has a twelve month low of $82.02 and a twelve month high of $115.91. The stock has a market capitalization of $3.73 billion, a P/E ratio of 32.73 and a beta of 1.39. The company’s 50-day moving average price is $92.65 and its two-hundred day moving average price is $99.66.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, research analysts predict that Brink’s will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, February 3rd. Brink’s’s dividend payout ratio is currently 26.87%.

About Brink’s

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.