Louisbourg Investments Inc. Invests $7.27 Million in Boyd Group Services Inc. $BGSI

Louisbourg Investments Inc. bought a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, Holdings Channel reports. The firm bought 46,456 shares of the company’s stock, valued at approximately $7,272,000. Boyd Group Services comprises 1.3% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 25th biggest holding.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings began coverage on shares of Boyd Group Services in a research report on Thursday, January 15th. They issued a “sell (d+)” rating for the company. Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Boyd Group Services in a report on Thursday, March 19th. Wall Street Zen raised Boyd Group Services from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Finally, Scotiabank upgraded Boyd Group Services to a “strong-buy” rating in a research report on Wednesday, January 14th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Boyd Group Services Stock Up 0.4%

Shares of NYSE:BGSI opened at $123.41 on Friday. The company has a market cap of $3.43 billion, a PE ratio of 150.51 and a beta of 0.96. The business has a 50 day simple moving average of $159.91. Boyd Group Services Inc. has a twelve month low of $119.35 and a twelve month high of $183.10.

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

Boyd Group Services Dividend Announcement

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

Boyd Group Services Company 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.