Public Employees Retirement System of Ohio Makes New $1.01 Million Investment in Boyd Group Services Inc. $BGSI

Public Employees Retirement System of Ohio acquired a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,631 shares of the company’s stock, valued at approximately $1,006,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BGSI. Assetmark Inc. increased its position in shares of Boyd Group Services by 23.5% during the 1st quarter. Assetmark Inc. now owns 457 shares of the company’s stock worth $58,000 after purchasing an additional 87 shares in the last quarter. Deutsche Bank AG acquired a new position in Boyd Group Services in the second quarter valued at about $188,000. Public Sector Pension Investment Board bought a new stake in Boyd Group Services during the fourth quarter worth about $262,000. Amundi bought a new stake in Boyd Group Services during the first quarter worth about $277,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Boyd Group Services during the fourth quarter worth approximately $287,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BGSI. Zacks Research upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Performance

BGSI stock opened at $87.12 on Wednesday. The company has a 50 day moving average price of $96.88 and a 200 day moving average price of $114.46. Boyd Group Services Inc. has a fifty-two week low of $82.26 and a fifty-two week high of $183.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. The stock has a market capitalization of $2.43 billion, a PE ratio of 189.41 and a beta of 0.70.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.80 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 the consensus estimate of $1.02 billion. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. Analysts forecast that Boyd Group Services Inc. will post 3.43 EPS for the current year.

Boyd Group Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th were issued a $0.156 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.62 annualized dividend and a yield of 0.7%. Boyd Group Services’s dividend payout ratio (DPR) is currently 93.48%.

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.