Short-term stake in The Brink’s Company (NYSE:BCO) increases 8.7%
The Brink’s Company (New York Stock Exchange: BCO – Get a rating) saw significant growth in short-term interest in October. As of October 15, there was short interest totaling 2,260,000 shares, an 8.7% growth from the total of 2,080,000 shares as of September 30. About 4.9% of the stock’s shares are sold short. Based on an average daily trading volume of 266,700 shares, the short interest ratio is currently 8.5 days.
Brink’s Institutional Trading
A number of institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC increased its position in Brink’s by 5.7% during the first quarter. Los Angeles Capital Management LLC now owns 3,477 shares of the business services provider valued at $236,000 after acquiring 186 additional shares in the last quarter. Russell Investments Group Ltd. increased its position in Brink’s shares by 15.0% during the second quarter. Russell Investments Group Ltd. now owns 1,427 shares of the business services provider worth $86,000 after buying an additional 186 shares in the last quarter. Ronald Blue Trust Inc. increased its position in Brink’s shares by 40.7% during the third quarter. Ronald Blue Trust Inc. now owns 715 shares of the business services provider worth $44,000 after buying 207 more shares in the last quarter. Louisiana State Employees Retirement System increased its position in Brink’s shares by 2.4% in the 1st quarter. The Louisiana State Employees Retirement System now owns 12,900 shares of the business services provider worth $858,000 after buying 300 additional shares last quarter. Finally, Comerica Bank increased its position in Brink’s shares by 0.7% in the 1st quarter. Comerica Bank now owns 46,316 shares of the business services provider worth $3,082,000 after buying 305 more shares last quarter. Institutional investors hold 99.55% of the company’s shares.
Brink’s trades up 0.5%
NYSE BCO traded down $0.30 on Friday, hitting $58.52. The company had a trading volume of 235,806 shares, compared to an average volume of 317,815. The company has a market capitalization of $2.72 billion, a price-earnings ratio of 16.30 and a beta of 1.27 . Brink’s has a fifty-two week low of $48.38 and a fifty-two week high of $73.42. The company has a 50-day moving average of $55.13 and a two-hundred-day moving average of $57.39. The company has a debt ratio of 10.24, a current ratio of 1.82 and a quick ratio of 1.62.
Brink’s (New York Stock Exchange: BCO – Get a rating) last released its quarterly results on Wednesday, October 26. The business services provider reported EPS of $1.34 for the quarter, beating analyst consensus estimates of $1.31 by $0.03. The company posted revenue of $1.14 billion for the quarter, versus $1.17 billion for analysts. Brink’s had a net margin of 3.89% and a return on equity of 80.84%. The company’s quarterly revenue increased 5.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $1.14. Analysts expect Brink’s to post EPS of 5.57 for the current year.
Brink’s announces dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1. Shareholders of record on Monday, November 7 will receive a dividend of $0.20 per share. The ex-dividend date is Friday, November 4. This represents a dividend of $0.80 on an annualized basis and a yield of 1.37%. Brink’s dividend payout ratio (DPR) is currently 22.28%.
Changes to analyst ratings
BCO has been the subject of several research analyst reports. StockNews.com downgraded Brink’s shares from a “strong buy” rating to a “buy” rating in a report on Thursday. TheStreet downgraded Brink’s from a “b-” rating to a “c” rating in a report released Wednesday. Finally, Truist Financial reduced its price target on Brink’s from $96.00 to $78.00 in a Monday, August 1 report.
Brink Company Profile
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 vehicles for transporting valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatch, transaction processing, l installation and first and second line maintenance services; network infrastructure; and cash-in-transit services.
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