NewGen Asset Management Ltd Acquires Shares of 27,300 Boyd Group Services Inc. $BGSI

NewGen Asset Management Ltd acquired a new stake in Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 27,300 shares of the company’s stock, valued at approximately $4,350,000. Boyd Group Services accounts for approximately 2.7% of NewGen Asset Management Ltd’s portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of BGSI. Assetmark Inc. acquired a new stake in Boyd Group Services in the fourth quarter valued at $59,000. Public Sector Pension Investment Board acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at about $262,000. Deutsche Bank AG purchased a new position in Boyd Group Services during the 4th quarter worth approximately $373,000. Pictet Asset Management Holding SA purchased a new position in Boyd Group Services during the 4th quarter worth approximately $774,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in Boyd Group Services during the fourth quarter worth approximately $861,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

BGSI has been the subject of a number of recent research reports. Stephens decreased 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 research note on Tuesday, April 14th. Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Price Performance

NYSE:BGSI opened at $97.37 on Tuesday. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 147.54 and a beta of 0.71. The firm has a fifty day moving average price of $112.20. Boyd Group Services Inc. has a 1-year low of $93.59 and a 1-year high of $183.10.

Boyd Group Services (NYSE:BGSI) last released its earnings results on Wednesday, May 13th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 5.54%. As a group, analysts expect that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

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.