Boyd Group Services Inc. $BGSI Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Boyd Group Services Inc. (NYSE:BGSI) by 5.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 413,018 shares of the company’s stock after purchasing an additional 22,448 shares during the quarter. Principal Financial Group Inc.’s holdings in Boyd Group Services were worth $52,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Assetmark Inc. bought a new position in Boyd Group Services in the fourth quarter worth about $59,000. Public Sector Pension Investment Board acquired a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $262,000. Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Boyd Group Services during the 4th quarter worth approximately $287,000. Invesco Ltd. bought a new stake in shares of Boyd Group Services in the 4th quarter worth approximately $318,000. Finally, Deutsche Bank AG bought a new stake in shares of Boyd Group Services in the 4th quarter worth approximately $373,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Boyd Group Services Trading Up 1.0%

BGSI opened at $104.03 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 company’s 50 day simple moving average is $100.16. The company has a market capitalization of $2.90 billion, a PE ratio of 157.62 and a beta of 0.76. Boyd Group Services Inc. has a twelve month low of $88.97 and a twelve month high of $183.10.

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, topping analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%. As a group, analysts forecast that Boyd Group Services Inc. will post 3.85 EPS for the current year.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.156 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Boyd Group Services’s payout ratio is 66.67%.

Analyst Ratings Changes

A number of research firms recently issued reports on BGSI. Weiss Ratings restated a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Stephens reduced their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Finally, Zacks Research lowered shares of Boyd Group Services from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.00.

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.