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

The Brink’s Company (NYSE:BCO) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,340,000 shares, an increase of 10.7% from the August 15th total of 1,210,000 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily volume of 306,000 shares, the days-to-cover ratio is presently 4.4 days.

Brink’s Stock Performance

Shares of Brink’s stock traded up $1.50 during trading on Wednesday, reaching $112.23. The company’s stock had a trading volume of 145,137 shares, compared to its average volume of 252,426. Brink’s has a fifty-two week low of $64.15 and a fifty-two week high of $113.63. The company has a 50-day moving average price of $105.23 and a two-hundred day moving average price of $97.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The firm has a market cap of $4.95 billion, a PE ratio of 42.42 and a beta of 1.43.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts forecast that Brink’s will post 7.51 EPS for the current year.

Brink’s Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Monday, July 29th. Brink’s’s dividend payout ratio is presently 37.16%.

Hedge Funds Weigh In On Brink’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Brink’s during the 2nd quarter valued at approximately $152,000. Quarry LP boosted its stake in shares of Brink’s by 21.4% during the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after buying an additional 150 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Brink’s by 26,095.5% during the 2nd quarter. NewEdge Advisors LLC now owns 17,289 shares of the business services provider’s stock valued at $1,770,000 after buying an additional 17,223 shares during the last quarter. Creative Planning boosted its stake in shares of Brink’s by 37.4% during the 2nd quarter. Creative Planning now owns 12,627 shares of the business services provider’s stock valued at $1,293,000 after buying an additional 3,439 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Brink’s by 504.9% during the 2nd quarter. Mackenzie Financial Corp now owns 17,511 shares of the business services provider’s stock valued at $1,793,000 after buying an additional 14,616 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. William Blair initiated coverage on Brink’s in a research report on Tuesday, May 21st. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $106.50.

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.