Claret Asset Management Corp Invests $2.86 Million in Boyd Group Services Inc. $BGSI

Claret Asset Management Corp purchased a new position in shares of Boyd Group Services Inc. (NYSE:BGSIFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,936 shares of the company’s stock, valued at approximately $2,857,000. Claret Asset Management Corp owned 0.06% of Boyd Group Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BGSI. Assetmark Inc. acquired a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $59,000. Pictet Asset Management Holding SA acquired a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $774,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $1,268,000. Franklin Resources Inc. acquired a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $1,511,000. Finally, K.J. Harrison & Partners Inc acquired a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $1,882,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Stock Performance

Shares of NYSE BGSI opened at $100.73 on Tuesday. The firm’s fifty day moving average price is $115.03. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 152.62 and a beta of 0.71. Boyd Group Services Inc. has a 1 year low of $94.77 and a 1 year high of $183.10.

Boyd Group Services (NYSE:BGSIGet Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%. On average, research analysts predict that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.156 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Boyd Group Services’s dividend payout ratio (DPR) is presently 68.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BGSI shares. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens decreased their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Boyd Group Services has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Check Out Our Latest Report on Boyd Group Services

About Boyd Group Services

(Free Report)

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.

Further Reading

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Institutional Ownership by Quarter for Boyd Group Services (NYSE:BGSI)

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