Vanguard Group Inc. Makes New Investment in Boyd Group Services Inc. $BGSI

Vanguard Group Inc. acquired a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,175,631 shares of the company’s stock, valued at approximately $187,263,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new position in Boyd Group Services during the 4th quarter worth $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Boyd Group Services during the 4th quarter worth $1,268,000. TD Waterhouse Canada Inc. acquired a new position in Boyd Group Services during the 4th quarter worth $2,845,000. Louisbourg Investments Inc. bought a new position in shares of Boyd Group Services in the 4th quarter worth about $7,272,000. Finally, Cidel Asset Management Inc. bought a new stake in Boyd Group Services in the 4th quarter valued at about $9,046,000. 0.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings assumed coverage on shares of Boyd Group Services in a research report on Thursday, January 15th. They issued a “sell (d+)” rating on the stock. Stephens cut 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 report on Tuesday, April 14th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Boyd Group Services Price Performance

Shares of BGSI opened at $115.59 on Monday. The stock has a 50 day simple moving average of $137.40. The firm has a market cap of $3.22 billion, a PE ratio of 140.97 and a beta of 0.78. 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 Inc. has a 12-month low of $115.34 and a 12-month high of $183.10.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.27. The company had revenue of $793.85 million for the quarter, compared to analysts’ expectations of $821.73 million. Boyd Group Services had a net margin of 0.59% and a return on equity of 4.63%. As a group, equities research analysts forecast that Boyd Group Services Inc. will post 4.05 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st were paid a $0.156 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.5%. Boyd Group Services’s payout ratio is currently 54.88%.

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.