7,951 Shares in Boyd Group Services Inc. $BGSI Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Boyd Group Services Inc. (NYSE:BGSI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 7,951 shares of the company’s stock, valued at approximately $1,268,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new position in Boyd Group Services in the fourth quarter worth $59,000. Louisbourg Investments Inc. bought a new position in Boyd Group Services in the fourth quarter worth $7,272,000. Cidel Asset Management Inc. bought a new position in shares of Boyd Group Services during the fourth quarter valued at $9,046,000. Addenda Capital Inc. bought a new position in shares of Boyd Group Services during the fourth quarter valued at $10,843,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Boyd Group Services during the fourth quarter valued at $29,216,000. 0.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BGSI. Weiss Ratings began coverage on Boyd Group Services in a report on Thursday, January 15th. They set a “sell (d+)” rating for the company. Wall Street Zen raised Boyd Group Services from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Scotiabank raised Boyd Group Services to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Stephens cut their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Boyd Group Services has an average rating of “Moderate Buy” and an average target price of $157.00.

Boyd Group Services Stock Performance

Shares of NYSE BGSI opened at $117.84 on Thursday. The company has a market capitalization of $3.28 billion, a PE ratio of 143.70 and a beta of 0.96. The firm’s fifty day moving average is $141.52. Boyd Group Services Inc. has a 52-week low of $115.40 and a 52-week high of $183.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.27. Boyd Group Services had a return on equity of 4.63% and a net margin of 0.59%.The company had revenue of $793.85 million during the quarter, compared to analysts’ expectations of $821.73 million. Analysts predict that Boyd Group Services Inc. will post 4.14 earnings per share for the current year.

Boyd Group Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st were paid a $0.156 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.5%. Boyd Group Services’s dividend payout ratio (DPR) is 54.88%.

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.