Healthcare of Ontario Pension Plan Trust Fund Sells 22,424 Shares of Boyd Group Services Inc. $BGSI

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Boyd Group Services Inc. (NYSE:BGSIFree Report) by 11.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,576 shares of the company’s stock after selling 22,424 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Boyd Group Services were worth $22,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Boyd Group Services by 23.5% during the 1st quarter. Assetmark Inc. now owns 457 shares of the company’s stock worth $58,000 after purchasing an additional 87 shares during the period. Public Sector Pension Investment Board acquired a new position in shares of Boyd Group Services during the fourth quarter valued at about $262,000. Susquehanna Portfolio Strategies LLC bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $287,000. Invesco Ltd. bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $318,000. Finally, Deutsche Bank AG acquired a new stake in Boyd Group Services during the fourth quarter worth about $373,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Stock Down 0.6%

NYSE BGSI opened at $101.53 on Monday. The company has a market capitalization of $2.83 billion, a PE ratio of 153.83 and a beta of 0.76. The company has a 50-day simple moving average of $99.79. Boyd Group Services Inc. has a twelve month low of $88.97 and a twelve month high of $183.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60.

Boyd Group Services (NYSE:BGSIGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 4.90%. Research analysts anticipate that Boyd Group Services Inc. will post 3.85 earnings per share for the current year.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th will be given a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Boyd Group Services’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

BGSI has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Boyd Group Services in a research note on Wednesday, June 24th. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens lowered their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Zacks Research lowered Boyd Group Services from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.00.

Read Our Latest Report on Boyd Group Services

Boyd Group Services Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Boyd Group Services (NYSE:BGSI)

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