Langdon Equity Partners Invests $2.09 Million in Boyd Group Services Inc. $BGSI

Langdon Equity Partners purchased a new position in Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,000 shares of the company’s stock, valued at approximately $2,091,000. Boyd Group Services comprises approximately 1.1% of Langdon Equity Partners’ investment portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can bought a new position in shares of Boyd Group Services in the 4th quarter worth $209,537,000. Vanguard Group Inc. bought a new position in shares of Boyd Group Services in the 4th quarter worth $187,263,000. CIBC Asset Management Inc bought a new position in shares of Boyd Group Services in the 4th quarter worth $126,509,000. Picton Mahoney Asset Management bought a new position in shares of Boyd Group Services in the 4th quarter worth $81,278,000. Finally, Capital World Investors bought a new position in shares of Boyd Group Services in the 4th quarter worth $70,325,000. 0.17% of the stock is currently owned by institutional investors.

Boyd Group Services Trading Down 0.2%

BGSI stock opened at $95.40 on Friday. The business’s 50-day simple moving average is $112.72. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 144.55 and a beta of 0.71. Boyd Group Services Inc. has a 1-year low of $93.59 and a 1-year high of $183.10.

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, beating the consensus estimate 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, analysts forecast that Boyd Group Services Inc. will post 3.85 earnings per share for the current year.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st were given a $0.156 dividend. The ex-dividend date 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 currently 68.18%.

Analyst Ratings Changes

Several research firms have recently issued reports on BGSI. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens reduced their price target on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.