The Brink’s Company (NYSE:BCO) Short Interest Down 6.9% in May

The Brink’s Company (NYSE:BCO) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,080,000 shares, a drop 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 currently 4.7 days. Approximately 2.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BCO. Knights of Columbus Asset Advisors LLC increased its position in Brink’s by 318.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock valued at $10,199,000 after acquiring an additional 88,282 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Brink’s by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock worth $343,445,000 after purchasing an additional 35,957 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Brink’s in the 4th quarter valued at $871,000. Sei Investments Co. increased its stake in Brink’s by 7.3% in the 3rd quarter. Sei Investments Co. now owns 238,856 shares of the business services provider’s stock valued at $17,351,000 after buying an additional 16,230 shares during the period. Finally, Premier Fund Managers Ltd raised its position in Brink’s by 19.8% during the 4th quarter. Premier Fund Managers Ltd now owns 60,000 shares of the business services provider’s stock worth $5,325,000 after buying an additional 9,936 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Stock Up 1.5 %

Shares of NYSE BCO traded up $1.50 during midday trading on Tuesday, hitting $101.94. 280,117 shares of the company’s stock were exchanged, compared to its average volume of 225,396. The firm’s fifty day simple moving average is $95.25 and its 200-day simple moving average is $88.24. The company has a market cap of $4.53 billion, a PE ratio of 39.06 and a beta of 1.45. Brink’s has a twelve month low of $63.79 and a twelve month high of $104.74. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.29. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. Brink’s’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Research analysts predict that Brink’s will post 7.56 EPS for the current fiscal year.

Brink’s Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a dividend of $0.243 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.97 dividend on an annualized basis and a yield of 0.95%. This is a boost from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio is currently 37.16%.

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.