The Brink’s Company (NYSE:BCO) Short Interest Down 8.0% in November

The Brink’s Company (NYSE:BCO) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,040,000 shares, a decrease of 8.0% from the October 31st total of 1,130,000 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average trading volume of 287,500 shares, the short-interest ratio is currently 3.6 days.

Brink’s Stock Performance

Shares of NYSE BCO traded up $0.43 during midday trading on Monday, hitting $97.14. 314,633 shares of the stock traded hands, compared to its average volume of 263,065. The firm has a market capitalization of $4.24 billion, a P/E ratio of 37.03 and a beta of 1.44. Brink’s has a one year low of $79.03 and a one year high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50-day moving average of $104.30 and a two-hundred day moving average of $103.97.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. On average, equities analysts forecast that Brink’s will post 6.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is currently 36.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. 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 report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $120.50.

Insiders Place Their Bets

In other Brink’s news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a 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 hedge funds have recently made changes to their positions in BCO. Headlands Technologies LLC purchased a new stake in Brink’s in the 2nd quarter worth $37,000. MFA Wealth Advisors LLC bought a new stake in Brink’s during the 2nd quarter valued at approximately $47,000. GAMMA Investing LLC lifted its holdings in Brink’s by 119.0% in the 2nd 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. First Horizon Advisors Inc. lifted its holdings in Brink’s by 200.5% in 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 in the last quarter. Finally, Rothschild Investment LLC bought a new position in Brink’s in the 2nd quarter worth approximately $85,000. 94.96% of the stock is currently owned by institutional investors.

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.