Caisse de depot et placement du Quebec Invests $38.30 Million in Boyd Group Services Inc. $BGSI

Caisse de depot et placement du Quebec acquired a new position in Boyd Group Services Inc. (NYSE:BGSI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 404,629 shares of the company’s stock, valued at approximately $38,300,000.

Several other institutional investors also recently modified their holdings of BGSI. FIL Ltd bought a new position in Boyd Group Services in the fourth quarter valued at $411,269,000. Mackenzie Financial Corp purchased a new stake in Boyd Group Services during the fourth quarter valued at about $327,955,000. Bank of Montreal Can bought a new stake in Boyd Group Services during the fourth quarter worth about $209,537,000. Royal Bank of Canada bought a new stake in Boyd Group Services during the fourth quarter worth about $204,276,000. Finally, Vanguard Group Inc. purchased a new position in shares of Boyd Group Services in the 4th quarter worth about $187,263,000. 0.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on BGSI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Up 0.3%

Shares of Boyd Group Services stock opened at $86.31 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. Boyd Group Services Inc. has a 12-month low of $84.30 and a 12-month high of $183.10. The company has a market cap of $2.40 billion, a P/E ratio of 187.63 and a beta of 0.72. The company’s fifty day simple moving average is $97.77 and its two-hundred day simple moving average is $119.05.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Research analysts anticipate that Boyd Group Services Inc. will post 3.43 EPS for the current year.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th were given a $0.156 dividend. This represents a $0.62 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Boyd Group Services’s payout ratio is currently 95.65%.

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.