505,863 Shares of Boyd Group Services Inc. $BGSI Purchased by BCV Asset Management Inc.

Key Points

• BCV Asset Management acquired 505,863 Boyd Group Services shares in the third quarter, worth about $39.97 million and representing approximately 1.82% of the company.
• Boyd reported quarterly EPS of $0.68, missing the $0.92 analyst consensus; revenue of $1.01 billion also fell short of expectations.
• Shares opened at $74.68, near their 12-month low of $74.13. Analysts’ average rating was “Moderate Buy,” with an average price target of $136.

BCV Asset Management Inc. purchased a new position in Boyd Group Services Inc. (NYSE:BGSI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 505,863 shares of the company's stock, valued at approximately $39,970,000. BCV Asset Management Inc. owned approximately 1.82% of Boyd Group Services at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BGSI. Assetmark Inc. lifted its stake in shares of Boyd Group Services by 23.5% in the 1st quarter. Assetmark Inc. now owns 457 shares of the company's stock valued at $58,000 after purchasing an additional 87 shares during the period. State of Wyoming bought a new stake in shares of Boyd Group Services during the third quarter valued at approximately $65,000. Nykredit A S purchased a new stake in Boyd Group Services in the second quarter worth $95,000. Deutsche Bank AG purchased a new stake in Boyd Group Services in the second quarter worth $188,000. Finally, Amundi purchased a new stake in Boyd Group Services in the first quarter worth $277,000. 0.17% of the stock is owned by institutional investors.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at $74.68 on Friday. Boyd Group Services Inc. has a twelve month low of $74.13 and a twelve month high of $183.10. 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 company has a market capitalization of $2.07 billion, a P/E ratio of 25.16 and a beta of 0.68. The stock's 50 day moving average is $82.16 and its 200 day moving average is $111.16.

Boyd Group Services (NYSE:BGSI - Get Free Report) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.24). The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. Boyd Group Services had a negative net margin of 0.05% and a positive return on equity of 4.66%. On average, equities research analysts predict that Boyd Group Services Inc. will post 3.38 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th were paid a C$0.16 dividend. This represents a $0.62 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 30th. Boyd Group Services's dividend payout ratio is currently 95.65%.

Analyst Ratings Changes

BGSI has been the subject of a number of research reports. Zacks Research upgraded Boyd Group Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings raised shares of Boyd Group Services from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, October 29th. Canadian Imperial Bank of Commerce downgraded shares of Boyd Group Services from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Finally, Mizuho decreased their price target on shares of Boyd Group Services from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Boyd Group Services has an average rating of "Moderate Buy" and an average target price of $136.00.

About Boyd Group Services

Boyd Group Services Inc. operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services. The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators. Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.

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