Legal & General Group Plc Makes New Investment in Boyd Group Services Inc. $BGSI

Legal & General Group Plc purchased a new position in shares of Boyd Group Services Inc. (NYSE:BGSI) in the 2nd quarter, Holdings Channel reports. The firm purchased 25,327 shares of the company’s stock, valued at approximately $2,397,000.

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

Boyd Group Services Stock Up 0.4%

BGSI opened at $90.54 on Friday. The business’s 50-day simple moving average is $97.12 and its 200-day simple moving average is $115.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. Boyd Group Services Inc. has a one year low of $82.26 and a one year high of $183.10. The stock has a market capitalization of $2.52 billion, a P/E ratio of 196.83 and a beta of 0.70.

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

Boyd Group Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.