Boyd Group Services Inc. $BGSI Stock Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Boyd Group Services stake by 360.7% in the third quarter, buying 23,203 shares to hold 29,635 shares valued at about $2.324 million.
• Boyd Group missed quarterly expectations, reporting EPS of $0.80 versus $0.94 forecast and revenue of $1.01 billion versus $1.02 billion expected.
• Analysts have an overall “Moderate Buy” rating and a consensus price target of $138.50; the company also pays an annualized dividend of C$0.62 per share, yielding about 0.7%.

CenterBook Partners LP lifted its position in Boyd Group Services Inc. (NYSE:BGSI - Free Report) by 360.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,635 shares of the company's stock after purchasing an additional 23,203 shares during the quarter. CenterBook Partners LP owned about 0.11% of Boyd Group Services worth $2,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. raised its stake in Boyd Group Services by 23.5% during the first quarter. Assetmark Inc. now owns 457 shares of the company's stock worth $58,000 after purchasing an additional 87 shares during the period. State of Wyoming purchased a new stake in shares of Boyd Group Services in the 3rd quarter valued at approximately $65,000. Nykredit A S purchased a new stake in shares of Boyd Group Services in the 2nd quarter valued at approximately $95,000. Deutsche Bank AG purchased a new stake in shares of Boyd Group Services in the 2nd quarter valued at approximately $188,000. Finally, Amundi acquired a new stake in shares of Boyd Group Services during the 1st quarter worth approximately $277,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Stock Down 0.1%

Shares of NYSE:BGSI opened at $88.63 on Monday. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 192.68 and a beta of 0.68. Boyd Group Services Inc. has a 12-month low of $75.42 and a 12-month high of $183.10. The business has a 50-day moving average price of $82.70 and a 200 day moving average price of $113.25. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58.

Boyd Group Services (NYSE:BGSI - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Sell-side analysts expect that Boyd Group Services Inc. will post 3.43 EPS for the current year.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th were given a dividend of C$0.16 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.7%. Boyd Group Services's dividend payout ratio (DPR) is currently 93.48%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BGSI shares. 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. Mizuho assumed coverage on Boyd Group Services in a report on Friday, September 18th. They issued an "outperform" rating and a $120.00 price objective on the stock. Finally, Zacks Research upgraded Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.50.

Boyd Group Services Profile

Boyd Group Services Inc is a Canadian operator of non-franchised collision repair centers and related automotive service facilities. Through its operations in Canada and the United States, the company provides vehicle collision repair, auto glass repair and replacement, and related services for passenger vehicles, commercial vehicles, insurance customers and individual motorists.

In the United States, the company operates primarily under the Gerber Collision & Glass name. In Canada, its operations include locations operating under the Boyd Autobody & Glass and Assured Automotive brands, among others.

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