31,411 Shares in Boyd Group Services Inc. $BGSI Acquired by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates opened a new position of 31,411 shares in Boyd Group Services valued at about $5.01 million, representing roughly 0.11% ownership; overall institutional ownership in BGSI is about 0.17%.
• Analyst sentiment is mixed—firms have issued upgrades and downgrades—leaving BGSI with an average rating of "Moderate Buy" and an average price target of $157.
• Boyd Group's latest quarter beat EPS estimates ($0.90 vs. $0.63) but missed revenue expectations, and the stock trades near $121 (52-week range $115.40–$183.10) with a modest dividend yield of about 0.5%.

Van Berkom & Associates Inc. purchased a new position in shares of Boyd Group Services Inc. (NYSE:BGSI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,411 shares of the company's stock, valued at approximately $5,010,000. Van Berkom & Associates Inc. owned about 0.11% of Boyd Group Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in Boyd Group Services during the fourth quarter worth approximately $59,000. Pictet Asset Management Holding SA acquired a new position in Boyd Group Services during the fourth quarter worth approximately $774,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Boyd Group Services during the fourth quarter worth approximately $1,268,000. UBS Group AG acquired a new stake in shares of Boyd Group Services in the fourth quarter worth $2,071,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter worth $2,845,000. Institutional investors and hedge funds own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BGSI. Stephens dropped their price objective on shares of Boyd Group Services from $200.00 to $157.00 and set an "overweight" rating for the company in a research report on Tuesday, April 14th. Weiss Ratings began coverage on shares of Boyd Group Services in a research report on Thursday, January 15th. They issued a "sell (d+)" rating for the company. Wall Street Zen lowered shares of Boyd Group Services from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Scotiabank raised shares of Boyd Group Services to a "strong-buy" rating in a research report on Wednesday, January 14th. One equities research 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 company's stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of "Moderate Buy" and an average target price of $157.00.

Boyd Group Services Stock Down 0.6%

Boyd Group Services stock opened at $121.22 on Tuesday. Boyd Group Services Inc. has a 52-week low of $115.40 and a 52-week high of $183.10. The stock has a fifty day simple moving average of $140.55. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 147.82 and a beta of 0.78. The company has a quick ratio of 3.00, a current ratio of 3.14 and a debt-to-equity ratio of 0.54.

Boyd Group Services (NYSE:BGSI - Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.27. The business had revenue of $793.85 million during the quarter, compared to analyst estimates of $821.73 million. Boyd Group Services had a net margin of 0.59% and a return on equity of 4.63%. On average, research analysts expect that Boyd Group Services Inc. will post 4.42 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st were issued a dividend of $0.156 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 31st. 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.

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