Legal & General Group Plc Takes Position in Boyd Group Services Inc. $BGSI

Legal & General Group Plc purchased a new stake in Boyd Group Services Inc. (NYSE:BGSI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,327 shares of the company’s stock, valued at approximately $2,397,000. Legal & General Group Plc owned about 0.09% of Boyd Group Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BGSI. NewGen Asset Management Ltd grew its holdings in Boyd Group Services by 155.7% in the 1st quarter. NewGen Asset Management Ltd now owns 69,800 shares of the company’s stock valued at $8,895,000 after buying an additional 42,500 shares in the last quarter. Cibc World Market Inc. purchased a new position in shares of Boyd Group Services during the 2nd quarter worth $5,222,000. Anson Funds Management LP acquired a new position in shares of Boyd Group Services during the 1st quarter valued at about $2,552,000. SEB Asset Management AB acquired a new position in shares of Boyd Group Services during the 1st quarter valued at about $2,594,000. Finally, Claret Asset Management Corp purchased a new stake in shares of Boyd Group Services in the fourth quarter valued at about $2,857,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BGSI shares. Zacks Research upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Boyd Group Services Stock Performance

Shares of BGSI stock opened at $90.54 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. The firm has a market cap of $2.52 billion, a P/E ratio of 196.83 and a beta of 0.70. The firm’s 50 day moving average price is $97.12 and its 200-day moving average price is $115.98. Boyd Group Services Inc. has a one year low of $82.26 and a one year high of $183.10.

Boyd Group Services (NYSE:BGSI) last posted its earnings results on Wednesday, August 12th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.14). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. As a group, equities research analysts predict that Boyd Group Services Inc. will post 3.43 EPS for the current year.

Boyd Group Services Announces Dividend

The business also recently declared 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 of this dividend was Tuesday, June 30th. This represents a $0.62 dividend on an annualized basis and a yield of 0.7%. Boyd Group Services’s dividend payout ratio (DPR) is currently 95.65%.

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.