The Brink's Company (NYSE:BCO) Short Interest Down 26.3% in February

The Brink's Company (NYSE:BCO - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 752,200 shares, a decline of 26.3% from the January 31st total of 1,020,000 shares. Based on an average trading volume of 246,300 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.7% of the shares of the company are sold short.

Brink's Stock Performance

BCO stock traded down $0.14 during midday trading on Thursday, reaching $86.90. The company had a trading volume of 197,686 shares, compared to its average volume of 241,407. The firm has a market capitalization of $3.75 billion, a PE ratio of 32.92 and a beta of 1.39. The stock has a 50 day moving average price of $92.48 and a 200 day moving average price of $99.47. Brink's has a fifty-two week low of $82.94 and a fifty-two week high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.26. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. Analysts anticipate that Brink's will post 6.49 earnings per share for the current year.

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Brink's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.12%. Brink's's dividend payout ratio is currently 26.87%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BCO. Truist Financial reduced their price objective on Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, February 28th.

Institutional Trading of Brink's

Several hedge funds have recently bought and sold shares of BCO. FMR LLC grew its position in Brink's by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after purchasing an additional 510,389 shares during the last quarter. State Street Corp boosted its position in shares of Brink's by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock worth $198,758,000 after buying an additional 82,999 shares during the period. American Century Companies Inc. grew its holdings in Brink's by 0.7% in the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after buying an additional 9,777 shares in the last quarter. Ariel Investments LLC increased its position in Brink's by 12.3% in the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after acquiring an additional 140,895 shares during the period. Finally, Geode Capital Management LLC raised its stake in Brink's by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider's stock valued at $121,022,000 after acquiring an additional 8,841 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

About Brink's

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.