Short Interest in The Brink’s Company (NYSE:BCO) Decreases By 5.6%

The Brink’s Company (NYSE:BCO) saw a large decline in short interest in June. As of June 15th, there was short interest totalling 1,020,000 shares, a decline of 5.6% from the May 31st total of 1,080,000 shares. Based on an average daily trading volume, of 251,600 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.4% of the shares of the stock are sold short.

Brink’s Trading Up 0.7 %

BCO traded up $0.74 during trading on Wednesday, reaching $102.14. 93,179 shares of the company’s stock were exchanged, compared to its average volume of 235,395. Brink’s has a one year low of $63.79 and a one year high of $105.50. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37. The stock has a market capitalization of $4.54 billion, a PE ratio of 39.13 and a beta of 1.46. The firm has a fifty day moving average price of $98.24 and a two-hundred day moving average price of $89.47.

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

Brink’s Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on BCO. TheStreet cut shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. William Blair assumed coverage on shares of Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating for the company. 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 an average rating of “Buy” and an average target price of $106.50.

Institutional Investors Weigh In On Brink’s

Institutional investors have recently modified their holdings of the company. Covestor Ltd lifted 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 period. Blue Trust Inc. lifted 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 period. LRI Investments LLC acquired a new position in shares of Brink’s during the 1st quarter valued at $37,000. GAMMA Investing LLC lifted its position in shares of Brink’s by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 250 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Brink’s during the 1st quarter valued at $49,000. 94.96% of the stock is owned by institutional investors.

About Brink’s

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.