Brink’s (NYSE:BCO) Short Interest Update

Brink’s (NYSE:BCO) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 2,028,700 shares, a decline of 12.4% from the May 30th total of 2,317,000 shares. Based on an average daily trading volume, of 314,600 shares, the short-interest ratio is presently 6.4 days. Currently, 4.2% of the company’s stock are sold short.

Shares of BCO stock traded up $0.64 during trading hours on Friday, reaching $87.57. 237,200 shares of the company’s stock were exchanged, compared to its average volume of 343,335. The business’s 50 day moving average price is $81.24. The stock has a market cap of $4.34 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 8.90. Brink’s has a fifty-two week low of $59.08 and a fifty-two week high of $87.96.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $905.00 million for the quarter, compared to the consensus estimate of $914.08 million. Brink’s had a positive return on equity of 86.38% and a negative net margin of 1.19%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities research analysts forecast that Brink’s will post 4.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.69%. Brink’s’s payout ratio is presently 17.34%.

Separately, Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $90.00.

In related news, insider Thomas Colan sold 6,374 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $83.51, for a total value of $532,292.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amit Zukerman sold 21,946 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $79.94, for a total transaction of $1,754,363.24. The disclosure for this sale can be found here. Insiders sold 33,320 shares of company stock valued at $2,686,656 in the last three months. 1.05% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new position in shares of Brink’s in the 4th quarter valued at $44,000. Bremer Bank National Association acquired a new position in shares of Brink’s in the 1st quarter valued at $107,000. FNY Investment Advisers LLC acquired a new position in shares of Brink’s in the 1st quarter valued at $150,000. ETF Managers Group LLC increased its position in shares of Brink’s by 7.9% in the 1st quarter. ETF Managers Group LLC now owns 2,013 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 148 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Brink’s in the 1st quarter valued at $188,000. 98.36% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.

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