Global Alpha Capital Management Ltd. Buys New Shares in Boyd Group Services Inc. $BGSI

Global Alpha Capital Management Ltd. purchased a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 319,783 shares of the company’s stock, valued at approximately $50,938,000. Boyd Group Services accounts for 3.1% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 7th biggest holding. Global Alpha Capital Management Ltd. owned 1.15% of Boyd Group Services as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BGSI. Vanguard Group Inc. acquired a new stake in shares of Boyd Group Services during the fourth quarter valued at approximately $187,263,000. CIBC Asset Management Inc acquired a new position in Boyd Group Services in the 4th quarter valued at approximately $126,509,000. Principal Financial Group Inc. acquired a new position in Boyd Group Services in the 4th quarter valued at approximately $62,264,000. Norges Bank acquired a new position in Boyd Group Services in the 4th quarter valued at approximately $56,502,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Boyd Group Services in the 4th quarter valued at approximately $29,216,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Boyd Group Services Price Performance

Shares of Boyd Group Services stock opened at $103.12 on Friday. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. Boyd Group Services Inc. has a fifty-two week low of $94.77 and a fifty-two week high of $183.10. The firm has a fifty day moving average of $115.66. The company has a market cap of $2.87 billion, a P/E ratio of 156.24 and a beta of 0.71.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) 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 5.54%. Analysts expect that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were issued 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 dividend payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

Several analysts have commented on BGSI shares. Wall Street Zen downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens reduced their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Boyd Group Services presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.