Boyd Group Services Inc. $BGSI Shares Purchased by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. boosted its holdings in Boyd Group Services Inc. (NYSE:BGSI) by 24.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 39,114 shares of the company’s stock after purchasing an additional 7,703 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Boyd Group Services were worth $4,983,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Assetmark Inc. lifted its holdings in Boyd Group Services by 23.5% during the 1st quarter. Assetmark Inc. now owns 457 shares of the company’s stock worth $58,000 after buying an additional 87 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Boyd Group Services by 11.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,425 shares of the company’s stock valued at $690,000 after acquiring an additional 571 shares during the last quarter. Value Partners Investments Inc. raised its position in shares of Boyd Group Services by 7.4% during the 1st quarter. Value Partners Investments Inc. now owns 9,905 shares of the company’s stock worth $1,262,000 after acquiring an additional 686 shares in the last quarter. Cardinal Point Capital Management ULC raised its position in shares of Boyd Group Services by 8.0% during the 1st quarter. Cardinal Point Capital Management ULC now owns 20,095 shares of the company’s stock worth $2,560,000 after acquiring an additional 1,495 shares in the last quarter. Finally, Public Sector Pension Investment Board purchased a new stake in Boyd Group Services during the fourth quarter worth approximately $262,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BGSI has been the subject of a number of research analyst reports. Wall Street Zen downgraded Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens cut their price objective on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings restated a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. Finally, Zacks Research downgraded shares of Boyd Group Services from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $157.00.

Boyd Group Services Price Performance

BGSI stock opened at $104.03 on Monday. The firm has a fifty day simple moving average of $100.16. Boyd Group Services Inc. has a 12 month low of $88.97 and a 12 month high of $183.10. The stock has a market cap of $2.90 billion, a P/E ratio of 157.62 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 4.90%. As a group, analysts anticipate that Boyd Group Services Inc. will post 3.85 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.156 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.62 annualized dividend and a dividend yield of 0.6%. Boyd Group Services’s dividend payout ratio is 66.67%.

Boyd Group Services 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.