The Brink’s Company (NYSE:BCO – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 1,130,000 shares, a decline of 8.1% from the June 15th total of 1,230,000 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily volume of 195,900 shares, the short-interest ratio is presently 5.8 days.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on BCO. StockNews.com downgraded Brink’s from a “strong-buy” rating to a “buy” rating in a report on Thursday. Truist Financial upped their price objective on shares of Brink’s from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, March 24th.
Brink’s Stock Performance
Shares of BCO stock opened at $68.81 on Friday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.53 and a current ratio of 1.53. Brink’s has a one year low of $48.38 and a one year high of $73.39. The company’s 50-day simple moving average is $68.68 and its 200-day simple moving average is $65.36. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 28.09 and a beta of 1.32.
Brink’s (NYSE:BCO – Get Free Report) last released its quarterly earnings data on Wednesday, May 10th. The business services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.06. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Brink’s had a net margin of 2.50% and a return on equity of 60.26%. Equities analysts anticipate that Brink’s will post 6.8 earnings per share for the current fiscal year.
Brink’s Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.28%. Brink’s’s payout ratio is currently 35.92%.
Insider Buying and Selling
In other Brink’s news, EVP Dominik Bossart sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $70.00, for a total value of $1,050,000.00. Following the completion of the transaction, the executive vice president now directly owns 35,291 shares in the company, valued at approximately $2,470,370. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.65% of the company’s stock.
Institutional Investors Weigh In On Brink’s
Several large investors have recently made changes to their positions in BCO. JPMorgan Chase & Co. increased its stake in shares of Brink’s by 38.9% during the first quarter. JPMorgan Chase & Co. now owns 219,320 shares of the business services provider’s stock valued at $14,913,000 after acquiring an additional 61,443 shares during the period. Raymond James & Associates increased its stake in shares of Brink’s by 16.0% during the first quarter. Raymond James & Associates now owns 34,178 shares of the business services provider’s stock valued at $2,324,000 after acquiring an additional 4,721 shares during the period. Bank of Montreal Can increased its stake in shares of Brink’s by 10.1% during the first quarter. Bank of Montreal Can now owns 4,326 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 397 shares during the period. Rhumbline Advisers increased its stake in shares of Brink’s by 2.9% during the first quarter. Rhumbline Advisers now owns 151,123 shares of the business services provider’s stock valued at $10,276,000 after acquiring an additional 4,231 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Brink’s by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,014 shares of the business services provider’s stock valued at $1,225,000 after acquiring an additional 1,717 shares during the period. Institutional investors and hedge funds own 96.49% of the company’s stock.
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 and second line maintenance services; and cash-in-transit services.