UBS Group AG Acquires Shares of 13,002 Boyd Group Services Inc. $BGSI

UBS Group AG acquired a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 13,002 shares of the company’s stock, valued at approximately $2,071,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Assetmark Inc. purchased a new stake in Boyd Group Services during the fourth quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Boyd Group Services during the fourth quarter valued at approximately $1,268,000. TD Waterhouse Canada Inc. purchased a new stake in Boyd Group Services during the fourth quarter valued at approximately $2,845,000. Louisbourg Investments Inc. purchased a new stake in Boyd Group Services during the fourth quarter valued at approximately $7,272,000. Finally, Cidel Asset Management Inc. purchased a new stake in Boyd Group Services during the fourth quarter valued at approximately $9,046,000. 0.17% of the stock is currently owned by hedge funds and other institutional investors.

Boyd Group Services Stock Up 0.1%

Shares of NYSE:BGSI opened at $106.06 on Thursday. Boyd Group Services Inc. has a 52-week low of $94.77 and a 52-week high of $183.10. The company has a market capitalization of $2.95 billion, a PE ratio of 160.70 and a beta of 0.78. The business has a 50 day moving average price of $120.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%. On average, sell-side analysts anticipate that Boyd Group Services Inc. will post 3.85 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Boyd Group Services’s dividend payout ratio (DPR) is 68.18%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BGSI shares. Wall Street Zen downgraded Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens decreased their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Boyd Group Services Company 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.