Van Berkom & Associates Inc. trimmed its stake in Boyd Group Services Inc. (NYSE:BGSI – Free Report) by 30.5% during the 3rd quarter, Holdings Channel reports. The firm owned 42,812 shares of the company’s stock after selling 18,745 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Boyd Group Services were worth $3,371,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. lifted its position in Boyd Group Services by 23.5% during the first quarter. Assetmark Inc. now owns 457 shares of the company’s stock valued at $58,000 after purchasing an additional 87 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Boyd Group Services by 2.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 7,666 shares of the company’s stock worth $975,000 after buying an additional 158 shares during the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd increased its holdings in shares of Boyd Group Services by 1.3% in the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 41,838 shares of the company’s stock worth $3,281,000 after buying an additional 528 shares during the last quarter. State of Wyoming bought a new position in shares of Boyd Group Services in the 3rd quarter worth $65,000. Finally, Addenda Capital Inc. raised its position in shares of Boyd Group Services by 1.4% during the 2nd quarter. Addenda Capital Inc. now owns 67,378 shares of the company’s stock valued at $6,375,000 after buying an additional 961 shares in the last quarter. 0.17% of the stock is owned by hedge funds and other institutional investors.
Boyd Group Services Stock Up 1.6%
Shares of NYSE:BGSI opened at $90.15 on Tuesday. Boyd Group Services Inc. has a 1 year low of $75.42 and a 1 year high of $183.10. The company has a market cap of $2.50 billion, a PE ratio of 195.98 and a beta of 0.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. The stock’s 50-day moving average is $82.77 and its 200 day moving average is $112.89.
Boyd Group Services (NYSE:BGSI – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.14). Boyd Group Services had a return on equity of 5.21% and a net margin of 0.25%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Sell-side analysts anticipate that Boyd Group Services Inc. will post 3.43 EPS for the current year.
Boyd Group Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th were paid a dividend of C$0.16 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.62 annualized dividend and a dividend yield of 0.7%. Boyd Group Services’s payout ratio is 95.65%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BGSI. Mizuho assumed coverage on shares of Boyd Group Services in a report on Friday, September 18th. They set an “outperform” rating and a $120.00 price objective for the company. Weiss Ratings upgraded shares of Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. Finally, Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.50.
Get Our Latest Stock Analysis on Boyd Group Services
Boyd Group Services Profile
Boyd Group Services Inc operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services.
The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators.
Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.
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