Montrusco Bolton Investments Inc. Acquires New Holdings in Boyd Group Services Inc. $BGSI

Montrusco Bolton Investments Inc. bought a new position in Boyd Group Services Inc. (NYSE:BGSI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 280,207 shares of the company’s stock, valued at approximately $35,658,000.

A number of other large investors have also recently added to or reduced their stakes in BGSI. FIL Ltd acquired a new position in Boyd Group Services during the fourth quarter valued at approximately $411,269,000. Mackenzie Financial Corp acquired a new stake in shares of Boyd Group Services in the fourth quarter worth $327,955,000. Bank of Montreal Can bought a new stake in shares of Boyd Group Services during the 4th quarter worth $209,537,000. Royal Bank of Canada bought a new stake in shares of Boyd Group Services during the 4th quarter worth $204,276,000. Finally, Vanguard Group Inc. acquired a new position in Boyd Group Services in the 4th quarter valued at $187,263,000. Institutional investors own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BGSI. Zacks Research downgraded shares of Boyd Group Services from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Wall Street Zen downgraded Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens dropped their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $157.00.

Boyd Group Services Trading Down 0.3%

Shares of BGSI stock opened at $96.93 on Friday. Boyd Group Services Inc. has a 1 year low of $88.97 and a 1 year high of $183.10. The business’s fifty day moving average is $104.46. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 146.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, beating 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 4.90%. Equities research analysts anticipate that Boyd Group Services Inc. will post 3.85 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.156 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.6%. Boyd Group Services’s dividend payout ratio is currently 68.18%.

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.