Capital World Investors purchased a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 441,480 shares of the company’s stock, valued at approximately $70,325,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. bought a new stake in shares of Boyd Group Services during the fourth quarter valued at approximately $50,938,000. TD Asset Management Inc bought a new stake in shares of Boyd Group Services during the fourth quarter valued at approximately $25,482,000. Cibc World Market Inc. bought a new stake in shares of Boyd Group Services during the fourth quarter valued at approximately $6,467,000. CIBC Asset Management Inc bought a new stake in shares of Boyd Group Services during the fourth quarter valued at approximately $126,509,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Boyd Group Services during the fourth quarter valued at approximately $3,441,000. Institutional investors own 0.17% of the company’s stock.
Boyd Group Services Price Performance
Shares of BGSI stock opened at $100.31 on Wednesday. Boyd Group Services Inc. has a 1 year low of $94.77 and a 1 year high of $183.10. The company’s fifty day simple moving average is $114.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14. The company has a market cap of $2.79 billion, a P/E ratio of 151.98 and a beta of 0.71.
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 paid a dividend of $0.156 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.6%. Boyd Group Services’s payout ratio is 68.18%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded 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 target 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 investment 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.
View Our Latest Stock Analysis on BGSI
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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