Healthcare of Ontario Pension Plan Trust Fund Buys New Position in Boyd Group Services Inc. $BGSI

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $31,860,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of Boyd Group Services during the 4th quarter valued at about $59,000. Public Sector Pension Investment Board bought a new stake in shares of Boyd Group Services during the 4th quarter valued at about $262,000. Deutsche Bank AG bought a new stake in shares of Boyd Group Services during the 4th quarter valued at about $373,000. Pictet Asset Management Holding SA bought a new stake in shares of Boyd Group Services during the 4th quarter valued at about $774,000. Finally, CANADA LIFE ASSURANCE Co bought a new stake in shares of Boyd Group Services during the 4th quarter valued at about $861,000. Institutional investors own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens cut their price target 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Stock Performance

Shares of NYSE:BGSI opened at $97.37 on Tuesday. The business has a 50 day moving average price of $112.20. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 147.54 and a beta of 0.71. 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 52-week low of $93.59 and a 52-week high of $183.10.

Boyd Group Services (NYSE:BGSI) last announced 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 return on equity of 5.54% and a net margin of 0.39%. On average, equities analysts forecast that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

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.