AYAL Capital Advisors Ltd Buys New Position in Boyd Group Services Inc. $BGSI

AYAL Capital Advisors Ltd bought a new stake in Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 58,098 shares of the company’s stock, valued at approximately $9,255,000. Boyd Group Services comprises about 3.2% of AYAL Capital Advisors Ltd’s holdings, making the stock its 4th biggest holding. AYAL Capital Advisors Ltd owned approximately 0.21% of Boyd Group Services as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BGSI. Assetmark Inc. acquired a new position in Boyd Group Services during the fourth quarter worth $59,000. Public Sector Pension Investment Board acquired a new position in Boyd Group Services during the fourth quarter worth $262,000. Deutsche Bank AG acquired a new position in Boyd Group Services during the fourth quarter worth $373,000. Pictet Asset Management Holding SA acquired a new position in Boyd Group Services during the fourth quarter worth $774,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in Boyd Group Services during the fourth quarter worth $861,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Analysts Set New Price Targets

BGSI has been the subject of several recent research reports. Stephens reduced their target price on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Boyd Group Services presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Boyd Group Services Trading Down 5.6%

NYSE BGSI opened at $91.29 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.14 and a quick ratio of 3.00. The stock’s fifty day moving average price is $111.00. Boyd Group Services Inc. has a 1 year low of $90.83 and a 1 year high of $183.10. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 138.32 and a beta of 0.71.

Boyd Group Services (NYSE:BGSI) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 5.54%. On average, research analysts anticipate that Boyd Group Services Inc. will post 3.85 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th will be given a $0.156 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.62 annualized dividend and a dividend yield of 0.7%. Boyd Group Services’s dividend payout ratio is presently 66.67%.

Boyd Group Services 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.