TD Asset Management Inc Makes New Investment in Boyd Group Services Inc. $BGSI

TD Asset Management Inc bought a new position in Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 159,767 shares of the company’s stock, valued at approximately $25,482,000. TD Asset Management Inc owned about 0.57% of Boyd Group Services as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Assetmark Inc. bought a new position in Boyd Group Services in the fourth quarter worth about $59,000. Pictet Asset Management Holding SA bought a new position in Boyd Group Services in the fourth quarter worth about $774,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Boyd Group Services in the fourth quarter worth about $1,268,000. K.J. Harrison & Partners Inc bought a new position in Boyd Group Services in the fourth quarter worth about $1,882,000. Finally, UBS Group AG bought a new position in Boyd Group Services in the fourth quarter worth about $2,071,000. Institutional investors own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note 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 equities research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Trading Up 0.0%

BGSI opened at $103.12 on Monday. The company’s 50 day simple moving average is $115.66. The company has a market capitalization of $2.87 billion, a PE ratio of 156.24 and a beta of 0.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14. Boyd Group Services Inc. has a twelve month low of $94.77 and a twelve month high of $183.10.

Boyd Group Services (NYSE:BGSI) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%. As a group, analysts forecast that Boyd Group Services Inc. will post 3.85 EPS for the current year.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.156 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Boyd Group Services’s 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.