620,108 Shares in Boyd Group Services Inc. $BGSI Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. bought a new position in Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, Holdings Channel reports. The firm bought 620,108 shares of the company’s stock, valued at approximately $98,976,000. Boyd Group Services comprises about 3.3% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 12th biggest position.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BGSI. Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens decreased 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 research note 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 stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Price Performance

NYSE:BGSI opened at $95.40 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.14 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $112.72. Boyd Group Services Inc. has a 1 year low of $93.59 and a 1 year high of $183.10. The stock has a market capitalization of $2.66 billion, a P/E ratio of 144.55 and a beta of 0.71.

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 return on equity of 5.54% and a net margin of 0.39%. As a group, analysts anticipate that Boyd Group Services Inc. will post 3.85 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The firm 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 annualized dividend and a yield of 0.7%. Boyd Group Services’s dividend payout ratio is 68.18%.

Boyd Group Services Company 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.