Boyd Group Services Inc. $BGSI Stock Holdings Trimmed by Canoe Financial LP

Canoe Financial LP lowered its position in shares of Boyd Group Services Inc. (NYSE:BGSI) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,130 shares of the company’s stock after selling 20,972 shares during the quarter. Canoe Financial LP owned about 0.90% of Boyd Group Services worth $31,921,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of Boyd Group Services in the 4th quarter valued at approximately $59,000. Public Sector Pension Investment Board bought a new position in Boyd Group Services during the fourth quarter worth $262,000. Susquehanna Portfolio Strategies LLC bought a new position in Boyd Group Services during the fourth quarter worth $287,000. Invesco Ltd. acquired a new position in Boyd Group Services in the fourth quarter worth $318,000. Finally, Deutsche Bank AG acquired a new position in Boyd Group Services in the fourth quarter worth $373,000. Institutional investors own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BGSI. Weiss Ratings reissued a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday. Stephens reduced their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Wall Street Zen lowered 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 given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Trading Up 0.6%

Shares of Boyd Group Services stock opened at $97.83 on Monday. The firm has a market cap of $2.72 billion, a PE ratio of 148.23 and a beta of 0.71. Boyd Group Services Inc. has a twelve month low of $88.97 and a twelve month high of $183.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. The business’s 50 day moving average is $106.99.

Boyd Group Services (NYSE:BGSI) last released its quarterly earnings data 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 4.90% 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.156 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.62 annualized dividend and a dividend yield of 0.6%. Boyd Group Services’s payout ratio is 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.