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

The Brink’s Company (NYSE:BCO) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,100,000 shares, a growth of 11.8% from the July 15th total of 983,600 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 303,500 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Investors Weigh In On Brink’s

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after acquiring an additional 63,853 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Brink’s by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock valued at $103,079,000 after acquiring an additional 3,319 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in Brink’s by 4.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock worth $85,811,000 after acquiring an additional 41,678 shares in the last quarter. LSV Asset Management raised its stake in shares of Brink’s by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after purchasing an additional 795,961 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Brink’s by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 631,846 shares of the business services provider’s stock worth $55,571,000 after purchasing an additional 25,001 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BCO has been the subject of several recent research reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday. William Blair began coverage on shares of Brink’s in a report on Tuesday, May 21st. They issued an “outperform” rating for the company. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $106.50.

Brink’s Trading Up 0.7 %

Shares of BCO stock traded up $0.68 during trading hours on Monday, hitting $102.04. 28,178 shares of the company were exchanged, compared to its average volume of 250,843. The firm has a market cap of $4.54 billion, a PE ratio of 38.84 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The firm has a fifty day moving average of $102.67 and a 200 day moving average of $93.88. Brink’s has a 1 year low of $64.15 and a 1 year high of $113.63.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.20. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. Analysts expect that Brink’s will post 7.51 earnings per share for the current year.

Brink’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.97 annualized dividend and a dividend yield of 0.95%. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

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.