Massachusetts Financial Services Co. MA Makes New Investment in Boyd Group Services Inc. $BGSI

Massachusetts Financial Services Co. MA bought a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 183,400 shares of the company’s stock, valued at approximately $29,216,000.

Several other hedge funds have also recently bought and sold shares of BGSI. Louisbourg Investments Inc. acquired a new stake in Boyd Group Services during the 4th quarter worth approximately $7,272,000. Cidel Asset Management Inc. bought a new position in shares of Boyd Group Services during the 4th quarter worth approximately $9,046,000. Finally, Addenda Capital Inc. bought a new position in shares of Boyd Group Services during the 4th quarter worth approximately $10,843,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Stock Down 0.8%

Shares of BGSI opened at $123.59 on Thursday. The company has a market cap of $3.44 billion, a PE ratio of 150.73 and a beta of 0.96. Boyd Group Services Inc. has a twelve month low of $115.40 and a twelve month high of $183.10. The business’s 50 day simple moving average is $152.08.

Boyd Group Services (NYSE:BGSI) last released its earnings results on Wednesday, March 18th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.27. Boyd Group Services had a net margin of 0.59% and a return on equity of 5.89%. The business had revenue of $793.85 million during the quarter, compared to analysts’ expectations of $821.73 million.

Boyd Group Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be paid a $0.156 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.5%. Boyd Group Services’s dividend payout ratio (DPR) is currently 54.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank raised shares of Boyd Group Services to a “strong-buy” rating in a research note on Wednesday, January 14th. Wall Street Zen raised shares of Boyd Group Services from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Stephens decreased their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings assumed coverage on shares of Boyd Group Services in a research note on Thursday, January 15th. They set a “sell (d+)” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

About Boyd Group Services

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.