Van Berkom & Associates Inc. Purchases New Shares in Boyd Group Services Inc. $BGSI

Van Berkom & Associates Inc. purchased a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 31,411 shares of the company’s stock, valued at approximately $5,010,000.

A number of other large investors have also added to or reduced their stakes in the company. Intact Investment Management Inc. acquired a new stake in Boyd Group Services during the 4th quarter valued at $25,769,000. Lincluden Management Ltd. acquired a new stake in Boyd Group Services during the 4th quarter valued at $5,080,000. Pictet Asset Management Holding SA acquired a new stake in Boyd Group Services during the 4th quarter valued at $774,000. UBS Group AG acquired a new stake in Boyd Group Services during the 4th quarter valued at $2,071,000. Finally, Vanguard Group Inc. acquired a new stake in Boyd Group Services during the 4th quarter valued at $187,263,000. 0.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BGSI has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a research note on Wednesday, January 14th. Weiss Ratings initiated coverage on shares of Boyd Group Services in a research note on Thursday, January 15th. They set a “sell (d+)” rating on the stock. Finally, Stephens reduced their price objective on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at $121.22 on Tuesday. The business has a 50-day simple moving average of $140.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14. Boyd Group Services Inc. has a 1 year low of $115.40 and a 1 year high of $183.10. The company has a market cap of $3.37 billion, a P/E ratio of 147.82 and a beta of 0.78.

Boyd Group Services (NYSE:BGSI) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.27. Boyd Group Services had a net margin of 0.59% and a return on equity of 4.63%. The company had revenue of $793.85 million for the quarter, compared to the consensus estimate of $821.73 million. As a group, sell-side analysts predict that Boyd Group Services Inc. will post 4.42 earnings per share for the current year.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.156 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.62 annualized dividend and a yield of 0.5%. Boyd Group Services’s dividend payout ratio (DPR) is presently 54.88%.

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.