William Blair Investment Management LLC Invests $22.61 Million in Boyd Group Services Inc. $BGSI

William Blair Investment Management LLC acquired a new position in Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 141,948 shares of the company’s stock, valued at approximately $22,611,000. William Blair Investment Management LLC owned about 0.51% of Boyd Group Services as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cidel Asset Management Inc. acquired a new position in shares of Boyd Group Services in the 4th quarter worth approximately $9,046,000. Addenda Capital Inc. acquired a new position in shares of Boyd Group Services in the 4th quarter worth approximately $10,843,000. Intact Investment Management Inc. acquired a new stake in shares of Boyd Group Services during the fourth quarter worth about $25,769,000. Principal Financial Group Inc. acquired a new stake in shares of Boyd Group Services during the fourth quarter worth about $62,264,000. Finally, Van Berkom & Associates Inc. acquired a new stake in shares of Boyd Group Services during the fourth quarter worth about $5,010,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BGSI. Stephens dropped their price objective 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. Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Up 0.1%

Boyd Group Services stock opened at $108.66 on Tuesday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 164.64 and a beta of 0.78. Boyd Group Services Inc. has a 52-week low of $94.77 and a 52-week high of $183.10. 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 business’s 50 day simple moving average is $122.91.

Boyd Group Services (NYSE:BGSI) last released its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently announced 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 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 68.18%.

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.