Montrusco Bolton Investments Inc. Takes Position in Boyd Group Services Inc. $BGSI

Montrusco Bolton Investments Inc. acquired a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 280,207 shares of the company’s stock, valued at approximately $35,658,000. Montrusco Bolton Investments Inc. owned about 1.01% of Boyd Group Services as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Louisbourg Investments Inc. acquired a new stake in Boyd Group Services in the fourth quarter worth $7,272,000. Cidel Asset Management Inc. acquired a new position in Boyd Group Services during the 4th quarter valued at about $9,046,000. Addenda Capital Inc. bought a new position in Boyd Group Services in the 4th quarter worth about $10,843,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $29,216,000. Finally, Assetmark Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Boyd Group Services Stock Down 0.3%

NYSE:BGSI opened at $96.93 on Friday. The company has a fifty day moving average of $104.46. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 146.87 and a beta of 0.76. 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 1-year low of $88.97 and a 1-year 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 (EPS) for the quarter, beating 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 4.90%. Equities analysts predict that Boyd Group Services Inc. will post 3.85 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th will be issued a $0.156 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.62 dividend on an annualized basis and a yield of 0.6%. Boyd Group Services’s dividend payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

BGSI has been the subject of several analyst reports. Wall Street Zen downgraded Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research lowered Boyd Group Services from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Stephens decreased their price target on 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, Boyd Group Services currently has an average rating of “Hold” and a consensus price target of $157.00.

About Boyd Group Services

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.