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

Key Points

• Brink's Company saw a significant decrease in short interest, dropping 24.7% to 851,200 shares as of July 31st, indicating a reduced bearish sentiment among investors.
• The company reported a quarterly earnings per share of $1.79, exceeding analysts' expectations and showing a revenue increase of 3.8% compared to the same period last year.
• Brink's announced a quarterly dividend of $0.255, translating to an annual yield of 0.9%, with the payout scheduled for September 2nd.

Brink's Company (The) (NYSE:BCO - Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 851,200 shares, adecreaseof24.7% from the July 15th total of 1,130,000 shares. Based on an average daily trading volume, of 334,000 shares, the short-interest ratio is presently 2.5 days. Approximately2.1% of the shares of the company are short sold. Approximately2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 334,000 shares, the short-interest ratio is presently 2.5 days.

Brink's Stock Performance

Brink's stock traded down $0.04 during midday trading on Tuesday, reaching $112.02. 305,203 shares of the stock traded hands, compared to its average volume of 385,647. The firm has a fifty day moving average price of $96.48 and a two-hundred day moving average price of $90.83. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 30.28 and a beta of 1.46. Brink's has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.36. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, equities research analysts forecast that Brink's will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio is currently 27.57%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Brink's from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Brink's has an average rating of "Buy" and an average price target of $138.00.

Insider Buying and Selling at Brink's

In related news, Director Keith R. Wyche sold 475 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $106.15, for a total transaction of $50,421.25. Following the completion of the sale, the director owned 3,682 shares of the company's stock, valued at $390,844.30. This represents a 11.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthelbert Louis Parker sold 540 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $62,100.00. Following the sale, the director directly owned 6,603 shares of the company's stock, valued at approximately $759,345. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,058 shares of company stock worth $2,946,513 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Brink's

Institutional investors have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH acquired a new stake in shares of Brink's in the 2nd quarter worth approximately $32,000. UMB Bank n.a. lifted its stake in shares of Brink's by 1,450.0% in the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after acquiring an additional 464 shares during the period. CWM LLC lifted its stake in shares of Brink's by 53.8% in the 2nd quarter. CWM LLC now owns 512 shares of the business services provider's stock worth $46,000 after acquiring an additional 179 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Brink's by 161.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider's stock worth $47,000 after acquiring an additional 323 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Brink's by 32.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after purchasing an additional 130 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

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.