56,718 Shares in Boyd Group Services Inc. $BGSI Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. purchased a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,718 shares of the company’s stock, valued at approximately $9,046,000. Cidel Asset Management Inc. owned about 0.20% of Boyd Group Services at the end of the most recent quarter.

Separately, Louisbourg Investments Inc. bought a new stake in Boyd Group Services in the 4th quarter worth approximately $7,272,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Boyd Group Services Stock Performance

BGSI opened at $123.41 on Monday. The company’s 50 day simple moving average is $159.14. The company has a market capitalization of $3.43 billion, a PE ratio of 150.51 and a beta of 0.96. Boyd Group Services Inc. has a one year low of $119.35 and a one year high of $183.10.

Boyd Group Services (NYSE:BGSI) last released its earnings results on Wednesday, March 18th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.27. The business had revenue of $793.85 million for the quarter, compared to analyst estimates of $821.73 million. Boyd Group Services had a return on equity of 5.89% and a net margin of 0.59%.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.156 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.5%. Boyd Group Services’s dividend payout ratio (DPR) is presently 54.88%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BGSI shares. Wall Street Zen upgraded Boyd Group Services from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a research report on Wednesday, January 14th. Stephens reaffirmed an “overweight” rating and set a $200.00 price target on shares of Boyd Group Services in a research note on Thursday, March 19th. Finally, Weiss Ratings started coverage on shares of Boyd Group Services in a research note on Thursday, January 15th. They issued a “sell (d+)” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.