Langdon Equity Partners Acquires New Holdings in Boyd Group Services Inc. $BGSI

Langdon Equity Partners acquired a new stake in Boyd Group Services Inc. (NYSE:BGSI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,000 shares of the company’s stock, valued at approximately $2,091,000. Boyd Group Services accounts for about 1.1% of Langdon Equity Partners’ investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors also recently modified their holdings of BGSI. Louisbourg Investments Inc. bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $7,272,000. Cidel Asset Management Inc. bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $9,046,000. Addenda Capital Inc. bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $10,843,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $29,216,000. Finally, Assetmark Inc. bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $59,000. 0.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BGSI shares. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens cut their price target on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Price Performance

Shares of Boyd Group Services stock opened at $95.40 on Friday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 144.55 and a beta of 0.71. The firm has a 50-day moving average price of $112.72. Boyd Group Services Inc. has a one year low of $93.59 and a one year high of $183.10. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%. On average, equities analysts expect that Boyd Group Services Inc. will post 3.85 EPS for the current year.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.156 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.7%. Boyd Group Services’s payout ratio is 68.18%.

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.