The Manufacturers Life Insurance Company Acquires New Position in Boyd Group Services Inc. $BGSI

The Manufacturers Life Insurance Company bought a new position in Boyd Group Services Inc. (NYSE:BGSI) in the second quarter, according to its most recent filing with the SEC. The firm bought 151,683 shares of the company’s stock, valued at approximately $14,334,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in Boyd Group Services during the 4th quarter worth approximately $187,263,000. UBS Group AG purchased a new position in shares of Boyd Group Services in the fourth quarter worth $2,071,000. Pictet Asset Management Holding SA purchased a new position in shares of Boyd Group Services in the fourth quarter worth $774,000. Intact Investment Management Inc. purchased a new position in shares of Boyd Group Services in the fourth quarter worth $25,769,000. Finally, Van Berkom & Associates Inc. acquired a new stake in shares of Boyd Group Services during the fourth quarter worth $5,010,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BGSI shares. Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Boyd Group Services has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Price Performance

Shares of NYSE:BGSI opened at $86.31 on Friday. Boyd Group Services Inc. has a twelve month low of $84.30 and a twelve month high of $183.10. The company’s 50 day moving average is $97.77 and its 200 day moving average is $119.05. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.40 billion, a PE ratio of 187.63 and a beta of 0.72.

Boyd Group Services (NYSE:BGSI) last posted 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 return on equity of 5.21% and a net margin of 0.25%.The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, sell-side analysts forecast that Boyd Group Services Inc. will post 3.43 EPS for the current year.

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, June 30th were paid a $0.156 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.7%. Boyd Group Services’s dividend payout ratio is presently 95.65%.

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.