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

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

Brink’s Trading Down 0.1 %

Shares of NYSE:BCO traded down $0.10 during trading hours on Friday, hitting $93.59. 183,742 shares of the company’s stock traded hands, compared to its average volume of 198,766. Brink’s has a 1 year low of $79.20 and a 1 year high of $115.91. The business has a fifty day moving average price of $92.71 and a 200-day moving average price of $100.09. The firm has a market capitalization of $4.08 billion, a P/E ratio of 35.45 and a beta of 1.39. 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 Announces Dividend

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

Insider Transactions at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Mather Group LLC. boosted its position in shares of Brink’s by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after buying an additional 174 shares during the period. Sierra Ocean LLC purchased a new position in shares of Brink’s during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC purchased a new position in shares of Brink’s during the fourth quarter valued at approximately $55,000. Aquatic Capital Management LLC purchased a new stake in shares of Brink’s in the fourth quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Brink’s by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 407 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. 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. Based on data from MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and a consensus target price 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.