The Brink’s Company (NYSE:BCO) Short Interest Update

The Brink’s Company (NYSE:BCOGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,080,000 shares, a decrease of 6.9% from the May 15th total of 1,160,000 shares. Based on an average daily volume of 227,900 shares, the days-to-cover ratio is presently 4.7 days. Currently, 2.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its position in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Brink’s by 60.3% during the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Brink’s during the 1st quarter valued at about $37,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Brink’s during the 1st quarter valued at about $49,000. Finally, Quarry LP boosted its position in shares of Brink’s by 265.9% during the 4th quarter. Quarry LP now owns 805 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

BCO traded up $1.41 during trading hours on Wednesday, hitting $101.85. The stock had a trading volume of 280,117 shares, compared to its average volume of 241,796. The company’s fifty day simple moving average is $95.25 and its 200 day simple moving average is $88.24. Brink’s has a 1 year low of $63.79 and a 1 year high of $104.74. The stock has a market cap of $4.53 billion, a PE ratio of 39.06 and a beta of 1.45. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 6.37.

Brink’s (NYSE:BCOGet Free Report) last posted its earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. Equities analysts anticipate that Brink’s will post 7.56 earnings per share for the current year.

Brink’s Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on BCO. William Blair started coverage on shares of Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating for the company. TheStreet downgraded shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Truist Financial raised their price objective on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brink’s presently has a consensus rating of “Buy” and a consensus price target of $106.50.

View Our Latest Analysis on Brink’s

Brink’s Company Profile

(Get Free Report)

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.

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