Boyd Group Services Inc. $BGSI Stake Trimmed by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. reduced its stake in shares of Boyd Group Services Inc. (NYSE:BGSI) by 30.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,812 shares of the company’s stock after selling 18,745 shares during the period. Van Berkom & Associates Inc. owned about 0.15% of Boyd Group Services worth $3,371,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BGSI. Principal Financial Group Inc. lifted its stake in Boyd Group Services by 5.7% in the first quarter. Principal Financial Group Inc. now owns 413,018 shares of the company’s stock valued at $52,654,000 after purchasing an additional 22,448 shares during the last quarter. Caisse de depot et placement du Quebec bought a new position in Boyd Group Services during the second quarter valued at $38,300,000. Jupiter Topco LLC purchased a new stake in Boyd Group Services in the second quarter worth $15,591,000. The Manufacturers Life Insurance Company purchased a new stake in Boyd Group Services in the second quarter worth $14,334,000. Finally, Janus Henderson Group PLC increased its position in Boyd Group Services by 18.2% in the first quarter. Janus Henderson Group PLC now owns 133,564 shares of the company’s stock worth $17,015,000 after buying an additional 20,596 shares during the last quarter. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on BGSI shares. Mizuho began coverage on Boyd Group Services in a research note on Friday, September 18th. They issued an “outperform” rating and a $120.00 target price on the stock. Weiss Ratings upgraded Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 29th. Finally, Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Moderate Buy” and an average target price of $138.50.

Boyd Group Services Stock Up 1.6%

Shares of NYSE:BGSI opened at $90.15 on Tuesday. The firm has a fifty day moving average price of $82.77 and a two-hundred day moving average price of $112.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. Boyd Group Services Inc. has a one year low of $75.42 and a one year high of $183.10. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 195.98 and a beta of 0.68.

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

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th were given a dividend of C$0.16 per share. This represents a $0.62 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 30th. Boyd Group Services’s payout ratio is presently 95.65%.

About Boyd Group Services

Boyd Group Services Inc operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services.

The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators.

Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.