By otakuyassine3@gmail.com 
The Brink’s Company (NYSE:BCO – Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 973,500 shares, a drop of 6.4% from the November 15th total of 1,040,000 shares. Based on an average trading volume of 291,800 shares, the short-interest ratio is presently 3.3 days. Currently, 2.2% of the company’s stock are short sold.
Insider Buying and Selling at Brink’s
In other Brink’s news, EVP James K. Parks sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now directly owns 11,103 shares in the company, valued at $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BCO. SG Americas Securities LLC grew its position in shares of Brink’s by 219.9% in the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after purchasing an additional 6,081 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Brink’s in the second quarter valued at about $228,000. Swedbank AB acquired a new position in Brink’s during the second quarter worth about $7,700,000. MFA Wealth Advisors LLC acquired a new position in Brink’s during the second quarter worth about $47,000. Finally, Bailard Inc. boosted its position in Brink’s by 168.2% during the second quarter. Bailard Inc. now owns 5,900 shares of the business services provider’s stock worth $604,000 after acquiring an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Truist Financial lowered their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Brink’s currently has a consensus rating of “Buy” and an average target price of $120.50.
Brink’s Stock Performance
Shares of NYSE:BCO traded down $1.34 on Tuesday, hitting $95.24. 130,932 shares of the company were exchanged, compared to its average volume of 261,830. Brink’s has a 1-year low of $79.03 and a 1-year high of $115.91. The stock’s 50 day moving average price is $100.52 and its 200 day moving average price is $103.62. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $4.16 billion, a P/E ratio of 36.58 and a beta of 1.40.
Brink’s (NYSE:BCO – Get Free Report) last issued 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). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $1.92 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Sell-side analysts predict that Brink’s will post 6.51 EPS for the current year.
Brink’s Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a dividend of $0.2425 per share. The ex-dividend date was Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.02%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.
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.
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