The Manufacturers Life Insurance Company Takes $14.33 Million Position in Boyd Group Services Inc. $BGSI

The Manufacturers Life Insurance Company acquired a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 151,683 shares of the company’s stock, valued at approximately $14,334,000. The Manufacturers Life Insurance Company owned 0.54% of Boyd Group Services as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in Boyd Group Services during the fourth quarter worth $187,263,000. UBS Group AG purchased a new position in shares of Boyd Group Services in the 4th quarter valued at $2,071,000. Pictet Asset Management Holding SA purchased a new position in shares of Boyd Group Services in the 4th quarter valued at $774,000. Intact Investment Management Inc. bought a new position in shares of Boyd Group Services in the 4th quarter worth $25,769,000. Finally, Van Berkom & Associates Inc. bought a new position in shares of Boyd Group Services in the 4th quarter worth $5,010,000. Institutional investors own 0.17% of the company’s stock.

Boyd Group Services Price Performance

Shares of BGSI opened at $86.31 on Friday. The company has a 50 day moving average of $97.77 and a two-hundred day moving average of $119.05. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. Boyd Group Services Inc. has a twelve month low of $84.30 and a twelve month high of $183.10. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 187.63 and a beta of 0.72.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.02 billion. As a group, analysts predict that Boyd Group Services Inc. will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th were paid a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, June 30th. Boyd Group Services’s payout ratio is 95.65%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Boyd Group Services in a research note on Wednesday, June 24th. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Boyd Group Services currently has an average rating of “Moderate Buy” and an average target price of $157.00.

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.