Seven Grand Managers LLC Makes New $3.19 Million Investment in Boyd Group Services Inc. $BGSI

Seven Grand Managers LLC purchased a new position in Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, Holdings Channel reports. The fund purchased 20,000 shares of the company’s stock, valued at approximately $3,186,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of Boyd Group Services during the 4th quarter worth about $59,000. Pictet Asset Management Holding SA acquired a new position in shares of Boyd Group Services during the 4th quarter worth about $774,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Boyd Group Services during the 4th quarter worth about $1,268,000. K.J. Harrison & Partners Inc acquired a new position in shares of Boyd Group Services during the 4th quarter worth about $1,882,000. Finally, UBS Group AG acquired a new position in shares of Boyd Group Services during the 4th quarter worth about $2,071,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BGSI. Stephens cut their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research report 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Up 0.1%

Shares of BGSI opened at $106.06 on Thursday. Boyd Group Services Inc. has a 12-month low of $94.77 and a 12-month high of $183.10. The company has a quick ratio of 3.00, a current ratio of 3.14 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 160.70 and a beta of 0.78. The firm’s 50-day moving average price is $120.92.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings results 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 5.54% and a net margin of 0.39%. Equities research analysts expect that Boyd Group Services Inc. will post 3.85 EPS for the current year.

Boyd Group Services Dividend Announcement

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

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.