Man Group plc Acquires Shares of 12,700 Boyd Group Services Inc. $BGSI

Man Group plc acquired a new stake in Boyd Group Services Inc. (NYSE:BGSI) in the second quarter, Holdings Channel.com reports. The firm acquired 12,700 shares of the company’s stock, valued at approximately $1,202,000.

Several other large investors have also made changes to their positions in BGSI. FIL Ltd purchased a new position in shares of Boyd Group Services during the 4th quarter valued at approximately $411,269,000. Mackenzie Financial Corp purchased a new position in Boyd Group Services during the fourth quarter valued at $327,955,000. Bank of Montreal Can acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at about $209,537,000. Royal Bank of Canada purchased a new stake in shares of Boyd Group Services during the fourth quarter worth about $204,276,000. Finally, Vanguard Group Inc. acquired a new position in shares of Boyd Group Services during the 4th quarter worth about $187,263,000. 0.17% of the stock is owned by institutional investors and hedge funds.

Boyd Group Services Trading Up 3.4%

Shares of BGSI opened at $85.41 on Thursday. Boyd Group Services Inc. has a 52-week low of $82.26 and a 52-week high of $183.10. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $97.37 and its two-hundred day moving average is $116.72. The stock has a market cap of $2.38 billion, a PE ratio of 185.67 and a beta of 0.70.

Boyd Group Services (NYSE:BGSI) last issued its earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). The business 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%. Research analysts forecast that Boyd Group Services Inc. will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th were paid a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Boyd Group Services’s dividend payout ratio is currently 95.65%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BGSI shares. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings reissued 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 given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” 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.