Norges Bank Takes Position in Boyd Group Services Inc. $BGSI

Norges Bank purchased a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 354,710 shares of the company’s stock, valued at approximately $56,502,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BGSI shares. Stephens dropped their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Stock Up 0.0%

Shares of BGSI stock opened at $103.12 on Monday. The stock’s 50 day moving average is $115.66. The firm has a market cap of $2.87 billion, a P/E ratio of 156.24 and a beta of 0.71. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. Boyd Group Services Inc. has a 52 week low of $94.77 and a 52 week high of $183.10.

Boyd Group Services (NYSE:BGSI) last released its quarterly earnings data 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%. Analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were issued a $0.156 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.62 annualized dividend and a yield of 0.6%. Boyd Group Services’s dividend payout ratio is presently 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.