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

Van Berkom & Associates Inc. boosted its stake in shares of Boyd Group Services Inc. (NYSE:BGSI) by 24.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,114 shares of the company’s stock after buying an additional 7,703 shares during the quarter. Van Berkom & Associates Inc. owned 0.14% of Boyd Group Services worth $4,983,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. SEB Asset Management AB purchased a new stake in shares of Boyd Group Services in the 1st quarter valued at approximately $2,594,000. Swiss National Bank lifted its holdings in shares of Boyd Group Services by 3.6% in the 1st quarter. Swiss National Bank now owns 55,400 shares of the company’s stock worth $7,062,000 after acquiring an additional 1,900 shares during the last quarter. Assetmark Inc. boosted its position in shares of 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 purchasing an additional 87 shares during the period. Principal Financial Group Inc. boosted its position in shares of Boyd Group Services by 5.7% during the 1st quarter. Principal Financial Group Inc. now owns 413,018 shares of the company’s stock worth $52,654,000 after purchasing an additional 22,448 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new stake in Boyd Group Services in the 1st quarter valued at approximately $35,658,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Boyd Group Services Stock Performance

Shares of BGSI opened at $104.03 on Monday. The firm has a 50-day moving average of $100.16. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.90 billion, a PE ratio of 157.62 and a beta of 0.76. Boyd Group Services Inc. has a 1 year low of $88.97 and a 1 year high of $183.10.

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

Boyd Group Services Announces Dividend

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

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.