12,700 Shares in Boyd Group Services Inc. $BGSI Acquired by Man Group plc

Man Group plc purchased a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,700 shares of the company’s stock, valued at approximately $1,202,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in shares of Boyd Group Services in the 4th quarter valued at $187,263,000. UBS Group AG purchased a new position in shares of Boyd Group Services during the fourth quarter worth $2,071,000. Pictet Asset Management Holding SA acquired a new position in Boyd Group Services during the fourth quarter valued at $774,000. Principal Financial Group Inc. acquired a new position in Boyd Group Services during the fourth quarter valued at $62,264,000. Finally, K.J. Harrison & Partners Inc acquired a new position in Boyd Group Services during the fourth quarter valued at $1,882,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Price Performance

Shares of NYSE BGSI opened at $85.41 on Thursday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 185.67 and a beta of 0.70. Boyd Group Services Inc. has a 12 month low of $82.26 and a 12 month high of $183.10. The firm’s 50 day simple moving average is $97.37 and its 200-day simple moving average is $116.72. 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 (NYSE:BGSI) last posted its earnings results on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Analysts expect that Boyd Group Services Inc. will post 3.43 EPS for the current year.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, June 30th were given 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 95.65%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BGSI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.