William Blair Investment Management LLC Invests $22.61 Million in Boyd Group Services Inc. $BGSI

William Blair Investment Management LLC acquired a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 141,948 shares of the company’s stock, valued at approximately $22,611,000.

Several other institutional investors have also modified their holdings of BGSI. Assetmark Inc. purchased a new stake in shares of Boyd Group Services during the 4th quarter worth $59,000. Pictet Asset Management Holding SA purchased a new stake in Boyd Group Services during the 4th quarter worth about $774,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Boyd Group Services during the 4th quarter worth about $1,268,000. K.J. Harrison & Partners Inc purchased a new stake in Boyd Group Services during the 4th quarter worth about $1,882,000. Finally, UBS Group AG purchased a new stake in Boyd Group Services during the 4th quarter worth about $2,071,000. 0.17% of the stock is owned by hedge funds and other institutional investors.

Boyd Group Services Price Performance

Shares of NYSE:BGSI opened at $108.66 on Tuesday. The stock’s fifty day moving average is $122.91. Boyd Group Services Inc. has a 12 month low of $94.77 and a 12 month 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 firm has a market cap of $3.02 billion, a price-to-earnings ratio of 164.64 and a beta of 0.78.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Boyd Group Services Inc. will post 3.85 EPS for the current year.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st were paid a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Boyd Group Services’s dividend payout ratio (DPR) is currently 68.18%.

Analyst Upgrades and Downgrades

BGSI has been the subject of a number of recent analyst reports. Stephens decreased their price target 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. Wall Street Zen downgraded Boyd Group Services from a “buy” rating to a “hold” rating in a report 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.