Clearbridge Investments LLC Buys Shares of 314,739 Boyd Group Services Inc. $BGSI

Clearbridge Investments LLC acquired a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 314,739 shares of the company’s stock, valued at approximately $50,138,000. Clearbridge Investments LLC owned about 1.13% of Boyd Group Services as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Capital World Investors acquired a new stake in shares of Boyd Group Services during the fourth quarter worth $70,325,000. Global Alpha Capital Management Ltd. acquired a new stake in shares of Boyd Group Services during the fourth quarter worth $50,938,000. TD Asset Management Inc acquired a new stake in shares of Boyd Group Services during the fourth quarter worth $25,482,000. Cibc World Market Inc. acquired a new stake in shares of Boyd Group Services during the fourth quarter worth $6,467,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Boyd Group Services during the fourth quarter worth $126,509,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Boyd Group Services Trading Down 2.3%

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

Boyd Group Services (NYSE:BGSI) last issued its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Boyd Group Services Inc. will post 3.85 earnings per share for the current year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were given a $0.156 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.62 annualized dividend and a yield of 0.6%. Boyd Group Services’s dividend payout ratio (DPR) is 68.18%.

Analyst Upgrades and Downgrades

BGSI has been the topic of several analyst reports. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens decreased their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.