Short Interest in The Brink’s Company (NYSE:BCO) Grows By 28.8%

The Brink’s Company (NYSE:BCO) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,020,000 shares, an increase of 28.8% from the January 15th total of 792,000 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 272,600 shares, the short-interest ratio is presently 3.7 days.

Brink’s Stock Performance

Shares of BCO stock traded down $0.10 on Friday, reaching $93.59. The stock had a trading volume of 183,742 shares, compared to its average volume of 198,766. The stock has a market cap of $4.08 billion, a P/E ratio of 35.45 and a beta of 1.39. Brink’s has a 1 year low of $79.20 and a 1 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 company has a 50 day simple moving average of $92.71 and a 200 day simple moving average of $100.09.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.04%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Insider Buying and Selling at Brink’s

In other Brink’s news, EVP James K. Parks sold 4,000 shares of the 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 sale, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Brink’s

Several institutional investors and hedge funds have recently bought and sold shares of BCO. Inspire Investing LLC lifted its position in Brink’s by 4.6% during the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 156 shares in the last quarter. Creative Planning lifted its position in Brink’s by 18.6% during the third quarter. Creative Planning now owns 14,981 shares of the business services provider’s stock valued at $1,732,000 after purchasing an additional 2,354 shares in the last quarter. NBC Securities Inc. lifted its position in Brink’s by 13.2% during the third quarter. NBC Securities Inc. now owns 7,862 shares of the business services provider’s stock valued at $909,000 after purchasing an additional 915 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Brink’s during the third quarter valued at $592,000. Finally, Raymond James & Associates lifted its position in Brink’s by 202.3% during the third quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock valued at $10,876,000 after purchasing an additional 62,942 shares in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $120.50.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.