CenterBook Partners LP Takes Position in Boyd Group Services Inc. $BGSI

CenterBook Partners LP purchased a new stake in Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, Holdings Channel reports. The firm purchased 21,150 shares of the company’s stock, valued at approximately $3,369,000.

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

Boyd Group Services Price Performance

Boyd Group Services stock opened at $100.73 on Tuesday. The stock has a fifty day simple moving average of $115.03. Boyd Group Services Inc. has a 1-year low of $94.77 and a 1-year 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 $2.80 billion, a PE ratio of 152.62 and a beta of 0.71.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%. On average, equities research analysts anticipate that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal 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 dividend of $0.156 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.6%. Boyd Group Services’s payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BGSI shares. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens lowered their price objective on 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. One research 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. According to data from MarketBeat, Boyd Group Services currently has an average rating of “Moderate Buy” and an average 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.