UBS Group AG Acquires New Stake in Boyd Group Services Inc. $BGSI

UBS Group AG acquired a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,002 shares of the company’s stock, valued at approximately $2,071,000.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. purchased a new stake in Boyd Group Services during the fourth quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Boyd Group Services during the fourth quarter valued at $1,268,000. TD Waterhouse Canada Inc. purchased a new stake in Boyd Group Services during the fourth quarter valued at $2,845,000. Louisbourg Investments Inc. bought a new stake in Boyd Group Services during the fourth quarter valued at about $7,272,000. Finally, Cidel Asset Management Inc. bought a new stake in Boyd Group Services during the fourth quarter valued at about $9,046,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Boyd Group Services Stock Performance

NYSE:BGSI opened at $106.06 on Thursday. 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 company has a quick ratio of 3.00, a current ratio of 3.14 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average is $120.92. Boyd Group Services Inc. has a 52-week low of $94.77 and a 52-week high of $183.10.

Boyd Group Services (NYSE:BGSI) last issued its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share 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%. Equities analysts forecast that Boyd Group Services Inc. will post 3.85 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on BGSI. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stephens cut their price target on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

About Boyd Group Services

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.