Cibc World Market Inc. purchased a new stake in Boyd Group Services Inc. (NYSE:BGSI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,194 shares of the company's stock, valued at approximately $5,222,000. Cibc World Market Inc. owned 0.20% of Boyd Group Services at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Boyd Group Services during the fourth quarter valued at about $1,268,000. Vanguard Group Inc. acquired a new stake in Boyd Group Services during the fourth quarter worth about $187,263,000. UBS Group AG bought a new position in Boyd Group Services during the fourth quarter valued at about $2,071,000. Pictet Asset Management Holding SA acquired a new position in Boyd Group Services in the 4th quarter valued at approximately $774,000. Finally, Lincluden Management Ltd. acquired a new position in Boyd Group Services in the 4th quarter valued at approximately $5,080,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Zacks Research raised Boyd Group Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Wall Street Zen lowered Boyd Group Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $157.00.
View Our Latest Stock Analysis on BGSI
Boyd Group Services Trading Down 1.8%
Shares of Boyd Group Services stock opened at $85.34 on Wednesday. Boyd Group Services Inc. has a 12-month low of $84.30 and a 12-month high of $183.10. The company has a 50-day simple moving average of $98.10 and a 200 day simple moving average of $120.53. 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 stock has a market capitalization of $2.38 billion, a P/E ratio of 185.52 and a beta of 0.72.
Boyd Group Services (NYSE:BGSI - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.14). Boyd Group Services had a return on equity of 5.21% and a net margin of 0.25%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Research analysts expect that Boyd Group Services Inc. will post 3.43 earnings per share for the current fiscal year.
Boyd Group Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Boyd Group Services's dividend payout ratio is currently 95.65%.
About Boyd Group Services
(
Free Report)
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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