Pictet Asset Management Holding SA Takes $774,000 Position in Boyd Group Services Inc. $BGSI

Pictet Asset Management Holding SA acquired a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,854 shares of the company’s stock, valued at approximately $774,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cidel Asset Management Inc. bought a new stake in Boyd Group Services in the 4th quarter worth approximately $9,046,000. Addenda Capital Inc. purchased a new stake in Boyd Group Services during the fourth quarter valued at $10,843,000. Louisbourg Investments Inc. bought a new position in Boyd Group Services in the fourth quarter valued at about $7,272,000. TD Waterhouse Canada Inc. purchased a new position in Boyd Group Services in the fourth quarter worth about $2,845,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Boyd Group Services during the 4th quarter valued at about $1,268,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BGSI shares. Weiss Ratings assumed coverage on shares of Boyd Group Services in a research note on Thursday, January 15th. They issued a “sell (d+)” rating on the stock. Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens decreased 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, Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a research note on Wednesday, January 14th. One investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Up 1.8%

NYSE BGSI opened at $120.12 on Friday. 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 current ratio of 3.14 and a quick ratio of 3.00. The company has a market capitalization of $3.34 billion, a P/E ratio of 146.49 and a beta of 0.78. The stock has a 50-day moving average of $137.40.

Boyd Group Services (NYSE:BGSI) last announced 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. The company had revenue of $793.85 million during the quarter, compared to the consensus estimate of $821.73 million. Boyd Group Services had a return on equity of 4.63% and a net margin of 0.59%. Research analysts anticipate that Boyd Group Services Inc. will post 4.05 EPS for the current year.

Boyd Group Services Dividend Announcement

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

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.