40,595 Shares in Boyd Group Services Inc. $BGSI Acquired by Cibc World Market Inc.

Cibc World Market Inc. purchased a new position in Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, Holdings Channel reports. The fund purchased 40,595 shares of the company’s stock, valued at approximately $6,467,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Cidel Asset Management Inc. purchased a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $9,046,000. Principal Financial Group Inc. purchased a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $62,264,000. Van Berkom & Associates Inc. purchased a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $5,010,000. Intact Investment Management Inc. purchased a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $25,769,000. Finally, Addenda Capital Inc. purchased a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $10,843,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Boyd Group Services Stock Performance

Shares of BGSI opened at $103.12 on Monday. 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 firm has a market cap of $2.87 billion, a PE ratio of 156.24 and a beta of 0.71. The firm has a fifty day moving average price of $115.66. Boyd Group Services Inc. has a 1 year low of $94.77 and a 1 year high of $183.10.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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%. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were paid a $0.156 dividend. This represents a $0.62 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Boyd Group Services’s payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

BGSI has been the subject of several recent analyst reports. Stephens reduced their price objective 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. 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 investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Company 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.