Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Boyd Group Services Inc. $BGSI

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $31,860,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.72% of Boyd Group Services as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BGSI. Bank of Montreal Can acquired a new position in Boyd Group Services in the 4th quarter worth about $209,537,000. Vanguard Group Inc. acquired a new position in Boyd Group Services in the 4th quarter worth about $187,263,000. CIBC Asset Management Inc acquired a new position in Boyd Group Services in the 4th quarter worth about $126,509,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Boyd Group Services in the 4th quarter worth about $98,976,000. Finally, Picton Mahoney Asset Management acquired a new position in Boyd Group Services in the 4th quarter worth about $81,278,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stephens lowered their target price on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Trading Up 1.6%

NYSE BGSI opened at $97.37 on Tuesday. The company has a 50-day moving average of $112.20. Boyd Group Services Inc. has a 12 month low of $93.59 and a 12 month high of $183.10. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 147.54 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 (NYSE:BGSI) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%. As a group, analysts forecast that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

Boyd Group Services 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.