Boyd Group Services Inc. Announces Quarterly Dividend of C$0.16 (NYSE:BGSI)

Boyd Group Services Inc. (NYSE:BGSI) declared a quarterly dividend on Thursday, September 17th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.156 per share on Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th.

Boyd Group Services Stock Performance

NYSE BGSI opened at $81.14 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 176.38 and a beta of 0.70. The stock has a 50-day simple moving average of $95.30 and a two-hundred day simple moving average of $110.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. Boyd Group Services has a fifty-two week low of $80.74 and a fifty-two week high of $183.10.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, equities analysts forecast that Boyd Group Services will post 3.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BGSI. CIBC Asset Management Inc purchased a new stake in shares of Boyd Group Services in the fourth quarter valued at about $126,509,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Boyd Group Services during the 4th quarter worth approximately $98,976,000. Capital World Investors acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at approximately $70,325,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Boyd Group Services in the second quarter valued at approximately $38,300,000. Finally, Norges Bank purchased a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $56,502,000. 0.17% of the stock is owned by hedge funds and other institutional investors.

About Boyd Group Services

Boyd Group Services Inc is one of North America’s largest operators of non-franchised collision repair centers. The company provides vehicle repair services following accidents, including body repair, painting, dent removal, frame and structural repair, and related services. It also offers automotive glass repair and replacement in selected markets.

Boyd Group operates primarily in the United States and Canada through the Gerber Collision & Glass brand and other locations. Its facilities serve vehicle owners, insurance companies, fleet operators and other commercial customers.