Seven Grand Managers LLC Takes Position in Boyd Group Services Inc. $BGSI

Seven Grand Managers LLC acquired a new position in Boyd Group Services Inc. (NYSE:BGSI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $3,186,000. Seven Grand Managers LLC owned approximately 0.07% of Boyd Group Services at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BGSI. Assetmark Inc. purchased a new stake in Boyd Group Services in the 4th quarter worth about $59,000. Pictet Asset Management Holding SA purchased a new stake in Boyd Group Services in the 4th quarter worth about $774,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Boyd Group Services in the 4th quarter worth about $1,268,000. K.J. Harrison & Partners Inc purchased a new stake in Boyd Group Services in the 4th quarter worth about $1,882,000. Finally, UBS Group AG purchased a new stake in Boyd Group Services in the 4th quarter worth about $2,071,000. 0.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BGSI. Stephens reduced their price objective 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. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.00.

Boyd Group Services Trading Up 0.1%

BGSI opened at $106.06 on Thursday. The firm has a market capitalization of $2.95 billion, a PE ratio of 160.70 and a beta of 0.78. Boyd Group Services Inc. has a 1 year low of $94.77 and a 1 year high of $183.10. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. The company’s fifty day moving average price is $120.92.

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, beating analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%. As a group, sell-side analysts forecast that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were given a $0.156 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.6%. Boyd Group Services’s payout ratio is currently 68.18%.

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.