Canoe Financial LP decreased its position in Boyd Group Services Inc. (NYSE:BGSI – Free Report) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 250,130 shares of the company’s stock after selling 20,972 shares during the period. Canoe Financial LP’s holdings in Boyd Group Services were worth $31,921,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of Boyd Group Services during the fourth quarter valued at approximately $59,000. Public Sector Pension Investment Board bought a new position in Boyd Group Services in the 4th quarter worth approximately $262,000. Susquehanna Portfolio Strategies LLC bought a new position in Boyd Group Services in the 4th quarter worth approximately $287,000. Invesco Ltd. acquired a new stake in Boyd Group Services in the 4th quarter valued at approximately $318,000. Finally, Deutsche Bank AG bought a new stake in Boyd Group Services during the 4th quarter valued at $373,000. Institutional investors and hedge funds own 0.17% of the company’s stock.
Boyd Group Services Price Performance
BGSI opened at $97.83 on Monday. The firm has a market capitalization of $2.72 billion, a P/E ratio of 148.23 and a beta of 0.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. Boyd Group Services Inc. has a 1-year low of $88.97 and a 1-year high of $183.10. The business has a 50 day moving average price of $106.99.
Boyd Group Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.156 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.62 annualized dividend and a yield of 0.6%. Boyd Group Services’s dividend payout ratio (DPR) is currently 68.18%.
Analyst Upgrades and Downgrades
BGSI has been the subject of several recent analyst reports. Stephens decreased their price target on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday. Finally, Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.00.
View Our Latest Stock Report on Boyd Group Services
Boyd Group Services Company Profile
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.
Read More
- Five stocks we like better than Boyd Group Services
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Want to see what other hedge funds are holding BGSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boyd Group Services Inc. (NYSE:BGSI – Free Report).
Receive News & Ratings for Boyd Group Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Group Services and related companies with MarketBeat.com's FREE daily email newsletter.
