Janus Henderson Group PLC Increases Holdings in Boyd Group Services Inc. $BGSI

Janus Henderson Group PLC increased its position in Boyd Group Services Inc. (NYSE:BGSI) by 18.2% during the first quarter, HoldingsChannel.com reports. The fund owned 133,564 shares of the company’s stock after acquiring an additional 20,596 shares during the quarter. Janus Henderson Group PLC’s holdings in Boyd Group Services were worth $17,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in Boyd Group Services during the fourth quarter worth $59,000. Public Sector Pension Investment Board acquired a new stake in Boyd Group Services in the fourth quarter valued at $262,000. Susquehanna Portfolio Strategies LLC acquired a new stake in Boyd Group Services in the fourth quarter valued at $287,000. Invesco Ltd. purchased a new position in shares of Boyd Group Services in the fourth quarter valued at $318,000. Finally, Amundi purchased a new position in shares of Boyd Group Services in the first quarter valued at $277,000. 0.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BGSI has been the subject of several research reports. Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. Finally, Stephens reduced 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 report on Tuesday, April 14th. One investment 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at $105.59 on Tuesday. Boyd Group Services Inc. has a fifty-two week low of $88.97 and a fifty-two week high of $183.10. The stock has a market capitalization of $2.94 billion, a P/E ratio of 159.98 and a beta of 0.72. The business’s fifty day moving average is $99.85. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%. On average, analysts forecast that Boyd Group Services Inc. will post 3.85 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, June 30th were issued a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Boyd Group Services’s dividend payout ratio is 66.67%.

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.