CenterBook Partners LP Buys Shares of 21,150 Boyd Group Services Inc. $BGSI

CenterBook Partners LP bought a new position in Boyd Group Services Inc. (NYSE:BGSI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 21,150 shares of the company’s stock, valued at approximately $3,369,000. CenterBook Partners LP owned 0.08% of Boyd Group Services at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BGSI. Louisbourg Investments Inc. bought a new position in shares of Boyd Group Services during the 4th quarter worth $7,272,000. Cidel Asset Management Inc. bought a new position in shares of Boyd Group Services during the 4th quarter worth $9,046,000. Addenda Capital Inc. purchased a new stake in Boyd Group Services in the fourth quarter worth about $10,843,000. Massachusetts Financial Services Co. MA bought a new position in Boyd Group Services during the 4th quarter worth about $29,216,000. Finally, Assetmark Inc. bought a new position in Boyd Group Services during the 4th quarter worth about $59,000. Institutional investors own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens lowered their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. One research 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. According to MarketBeat.com, Boyd Group Services has an average rating of “Moderate Buy” and an average target price of $157.00.

Boyd Group Services Trading Down 2.3%

Shares of NYSE:BGSI opened at $100.73 on Tuesday. Boyd Group Services Inc. has a 12-month low of $94.77 and a 12-month high of $183.10. The firm has a fifty day moving average of $115.03. The stock has a market cap of $2.80 billion, a P/E ratio of 152.62 and a beta of 0.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.14 and a quick ratio of 3.00.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (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%. Research 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 was paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st were issued a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Boyd Group Services’s dividend payout ratio (DPR) is currently 68.18%.

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.