Massachusetts Financial Services Co. MA Buys Shares of 183,400 Boyd Group Services Inc. $BGSI

Key Points

• Massachusetts Financial Services Co. bought a new stake of 183,400 shares in Boyd Group Services (≈$29.22M), representing about 0.66% ownership, and several other asset managers also added new positions.
• Boyd reported quarterly EPS of $0.90 (beat consensus $0.63) while revenue of $793.85M missed estimates; the stock opened at $123.59, with a P/E of 150.7 and a 52‑week range of $115.40–$183.10.
• The company announced a quarterly dividend of $0.156 per share (annualized $0.62, yield 0.5%, ex‑dividend March 31), and analyst coverage is mixed with a consensus rating of “Moderate Buy” and a $157 price target.

Massachusetts Financial Services Co. MA bought a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 183,400 shares of the company's stock, valued at approximately $29,216,000. Massachusetts Financial Services Co. MA owned 0.66% of Boyd Group Services at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Louisbourg Investments Inc. acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at approximately $7,272,000. Cidel Asset Management Inc. acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at approximately $9,046,000. Finally, Addenda Capital Inc. acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at approximately $10,843,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Stock Down 0.8%

Shares of BGSI stock opened at $123.59 on Thursday. The firm has a market cap of $3.44 billion, a P/E ratio of 150.73 and a beta of 0.96. The business's 50 day moving average is $152.08. Boyd Group Services Inc. has a 52 week low of $115.40 and a 52 week high of $183.10.

Boyd Group Services (NYSE:BGSI - Get Free Report) last announced its earnings results on Wednesday, March 18th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.63 by $0.27. The firm had revenue of $793.85 million for the quarter, compared to the consensus estimate of $821.73 million. Boyd Group Services had a net margin of 0.59% and a return on equity of 5.89%.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, March 31st. Boyd Group Services's dividend payout ratio (DPR) is 54.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BGSI. Scotiabank upgraded shares of Boyd Group Services to a "strong-buy" rating in a research report on Wednesday, January 14th. Stephens cut their price target 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. Wall Street Zen upgraded shares of Boyd Group Services from a "hold" rating to a "buy" rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings began coverage on shares of Boyd Group Services in a research report on Thursday, January 15th. They issued a "sell (d+)" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

About Boyd Group Services

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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