159,767 Shares in Boyd Group Services Inc. $BGSI Acquired by TD Asset Management Inc

TD Asset Management Inc bought a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 159,767 shares of the company’s stock, valued at approximately $25,482,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Boyd Group Services during the fourth quarter worth approximately $59,000. Pictet Asset Management Holding SA bought a new stake in Boyd Group Services during the fourth quarter worth approximately $774,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Boyd Group Services during the fourth quarter worth approximately $1,268,000. K.J. Harrison & Partners Inc bought a new stake in Boyd Group Services during the fourth quarter worth approximately $1,882,000. Finally, UBS Group AG bought a new stake in Boyd Group Services during the fourth quarter worth approximately $2,071,000. Institutional investors own 0.17% of the company’s stock.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at $103.12 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 156.24 and a beta of 0.71. Boyd Group Services Inc. has a 1 year low of $94.77 and a 1 year high of $183.10. The business has a 50 day simple moving average of $115.66.

Boyd Group Services (NYSE:BGSI) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (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%. As a group, equities analysts predict that Boyd Group Services Inc. will post 3.85 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on BGSI. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens dropped their target price on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. One investment 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.