Global Alpha Capital Management Ltd. bought a new position in shares of Boyd Group Services Inc. (NYSE:BGSI – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 319,783 shares of the company’s stock, valued at approximately $50,938,000. Boyd Group Services accounts for approximately 3.1% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 7th largest position.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cidel Asset Management Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $9,046,000. Principal Financial Group Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $62,264,000. Van Berkom & Associates Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $5,010,000. Intact Investment Management Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $25,769,000. Finally, Addenda Capital Inc. acquired a new position in Boyd Group Services during the fourth quarter worth $10,843,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.
Boyd Group Services Trading Down 1.1%
BGSI stock opened at $103.12 on Friday. The company has a market capitalization of $2.87 billion, a PE ratio of 156.24 and a beta of 0.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.14 and a quick ratio of 3.00. Boyd Group Services Inc. has a 12 month low of $94.77 and a 12 month high of $183.10. The business has a 50-day moving average of $115.66.
Boyd Group Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st were issued a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Boyd Group Services’s dividend payout ratio (DPR) is currently 68.18%.
Analyst Ratings Changes
A number of equities analysts have commented on BGSI shares. Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens reduced their price objective on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. One research 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. According to MarketBeat, Boyd Group Services currently has an average rating of “Moderate Buy” and an average price target of $157.00.
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.
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