46,456 Shares in Boyd Group Services Inc. $BGSI Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. purchased a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,456 shares of the company’s stock, valued at approximately $7,272,000. Boyd Group Services comprises 1.3% of Louisbourg Investments Inc.’s holdings, making the stock its 25th biggest holding. Louisbourg Investments Inc. owned approximately 0.17% of Boyd Group Services as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stephens restated an “overweight” rating and issued a $200.00 price objective on shares of Boyd Group Services in a research report on Thursday, March 19th. Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a report on Wednesday, January 14th. Wall Street Zen raised Boyd Group Services from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Finally, Weiss Ratings assumed coverage on Boyd Group Services in a report on Thursday, January 15th. They set a “sell (d+)” rating on the stock. One research 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 stock. According to data from MarketBeat, Boyd Group Services currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Boyd Group Services Stock Performance

Shares of NYSE BGSI opened at $123.41 on Friday. Boyd Group Services Inc. has a 1 year low of $119.35 and a 1 year high of $183.10. The company’s 50-day simple moving average is $159.91. The stock has a market cap of $3.43 billion, a PE ratio of 150.51 and a beta of 0.96.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.27. Boyd Group Services had a net margin of 0.59% and a return on equity of 5.89%. The business had revenue of $793.85 million for the quarter, compared to analysts’ expectations of $821.73 million.

Boyd Group Services Announces Dividend

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

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.