Alberta Investment Management Corp Acquires New Holdings in Boyd Group Services Inc. $BGSI

Alberta Investment Management Corp bought a new stake in Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,646 shares of the company’s stock, valued at approximately $5,678,000.

Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Boyd Group Services during the fourth quarter worth approximately $209,537,000. Vanguard Group Inc. bought a new stake in shares of Boyd Group Services in the 4th quarter worth approximately $187,263,000. CIBC Asset Management Inc acquired a new stake in Boyd Group Services during the fourth quarter valued at approximately $126,509,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Boyd Group Services during the fourth quarter valued at approximately $98,976,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Boyd Group Services during the 4th quarter valued at $81,278,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Boyd Group Services Stock Down 0.5%

Shares of NYSE:BGSI opened at $96.83 on Wednesday. The firm’s fifty day moving average is $111.67. The company has a quick ratio of 3.00, a current ratio of 3.14 and a debt-to-equity ratio of 0.54. Boyd Group Services Inc. has a 12-month low of $93.59 and a 12-month high of $183.10. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 146.72 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 for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 5.54%. Equities research analysts expect that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BGSI shares. Stephens decreased their target price 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. Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities 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’s stock. According to MarketBeat.com, Boyd Group Services currently has an average 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.