Cibc World Market Inc. bought a new position in shares of Boyd Group Services Inc. (NYSE:BGSI – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 55,194 shares of the company’s stock, valued at approximately $5,222,000.
Several other hedge funds and other institutional investors have also made changes to their positions in BGSI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Boyd Group Services during the fourth quarter worth approximately $1,268,000. Vanguard Group Inc. purchased a new position in Boyd Group Services in the fourth quarter valued at $187,263,000. UBS Group AG purchased a new position in shares of Boyd Group Services in the 4th quarter valued at about $2,071,000. Pictet Asset Management Holding SA acquired a new stake in shares of Boyd Group Services during the 4th quarter worth about $774,000. Finally, Lincluden Management Ltd. acquired a new position in Boyd Group Services in the fourth quarter valued at approximately $5,080,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.00.
Boyd Group Services Stock Performance
NYSE BGSI opened at $85.34 on Wednesday. The business’s 50-day moving average price is $98.10 and its 200 day moving average price is $120.53. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.38 billion, a P/E ratio of 185.52 and a beta of 0.72. Boyd Group Services Inc. has a 52-week low of $84.30 and a 52-week high of $183.10.
Boyd Group Services (NYSE:BGSI – Get Free Report) last announced its earnings results 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 net margin of 0.25% and a return on equity of 5.21%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities research analysts expect that Boyd Group Services Inc. will post 3.43 earnings per share for the current year.
Boyd Group Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th were issued a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Boyd Group Services’s dividend payout ratio is currently 95.65%.
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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