The Brink’s Company (NYSE:BCO) Short Interest Down 13.0% in December

The Brink’s Company (NYSE:BCO) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 844,600 shares, a decline of 13.0% from the December 15th total of 970,700 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 279,600 shares, the days-to-cover ratio is presently 3.0 days.

Insider Activity

In related news, EVP James K. Parks sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the transaction, the executive vice president now owns 11,103 shares of the company’s stock, valued at $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Brink’s

Institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its position in shares of Brink’s by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 407 shares during the period. Quarry LP raised its stake in shares of Brink’s by 21.4% in the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC increased its holdings in Brink’s by 137.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider’s stock worth $126,000 after buying an additional 631 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Brink’s during the 2nd quarter worth approximately $152,000. Finally, US Bancorp DE lifted its stake in Brink’s by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 105 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Up 1.8 %

NYSE BCO traded up $1.62 during midday trading on Friday, hitting $92.58. 244,927 shares of the company traded hands, compared to its average volume of 222,653. The company has a market cap of $4.04 billion, a PE ratio of 35.07 and a beta of 1.40. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. Brink’s has a 52 week low of $79.03 and a 52 week high of $115.91. The company’s 50-day simple moving average is $93.54 and its 200-day simple moving average is $101.89.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Brink’s’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. As a group, equities research analysts forecast that Brink’s will post 6.51 earnings per share for the current year.

Brink’s Announces Dividend

The firm 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. This represents a $0.97 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, February 3rd. Brink’s’s dividend payout ratio is currently 36.74%.

Analysts Set New Price Targets

Separately, Truist Financial decreased their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.