Boyd Group Services Inc. $BGSI Stock Holdings Lessened by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. reduced its holdings in Boyd Group Services Inc. (NYSE:BGSI) by 12.3% during the 3rd quarter, Holdings Channel reports. The fund owned 1,308,360 shares of the company’s stock after selling 183,521 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in Boyd Group Services were worth $102,936,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BGSI. CenterBook Partners LP increased its holdings in Boyd Group Services by 360.7% during the 3rd quarter. CenterBook Partners LP now owns 29,635 shares of the company’s stock valued at $2,324,000 after purchasing an additional 23,203 shares in the last quarter. State of Wyoming bought a new position in Boyd Group Services in the 3rd quarter valued at $65,000. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its stake in Boyd Group Services by 1.3% in the third quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 41,838 shares of the company’s stock worth $3,281,000 after purchasing an additional 528 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake in Boyd Group Services by 249.6% in the third quarter. Cardinal Point Capital Management ULC now owns 89,155 shares of the company’s stock worth $7,019,000 after purchasing an additional 63,650 shares in the last quarter. Finally, Guardian Partners Inc. boosted its stake in Boyd Group Services by 981.4% in the third quarter. Guardian Partners Inc. now owns 4,012 shares of the company’s stock worth $316,000 after purchasing an additional 3,641 shares in the last quarter. 0.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings upgraded Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 29th. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Mizuho assumed coverage on Boyd Group Services in a report on Friday, September 18th. They issued an “outperform” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boyd Group Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.50.

Boyd Group Services Trading Up 1.6%

Shares of NYSE BGSI opened at $90.15 on Tuesday. Boyd Group Services Inc. has a 1-year low of $75.42 and a 1-year high of $183.10. The company has a 50-day moving average of $82.77 and a two-hundred day moving average of $112.89. The company has a market cap of $2.50 billion, a PE ratio of 31.12 and a beta of 0.68. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58.

Boyd Group Services (NYSE:BGSI) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts expect that Boyd Group Services Inc. will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th were given a C$0.16 dividend. This represents a $0.62 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 30th. Boyd Group Services’s payout ratio is 95.65%.

Boyd Group Services Company Profile

Boyd Group Services Inc operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services.

The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators.

Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.