Jupiter Topco LLC Makes New $15.59 Million Investment in Boyd Group Services Inc. $BGSI

Jupiter Topco LLC bought a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 164,723 shares of the company’s stock, valued at approximately $15,591,000.

Other large investors have also recently made changes to their positions in the company. Van Berkom & Associates Inc. bought a new stake in Boyd Group Services in the fourth quarter worth $5,010,000. NewGen Asset Management Ltd grew its stake in shares of Boyd Group Services by 155.7% in the first quarter. NewGen Asset Management Ltd now owns 69,800 shares of the company’s stock worth $8,895,000 after acquiring an additional 42,500 shares during the last quarter. Anson Funds Management LP bought a new position in shares of Boyd Group Services during the first quarter valued at $2,552,000. Principal Financial Group Inc. purchased a new position in shares of Boyd Group Services in the 4th quarter worth about $62,264,000. Finally, Cibc World Market Inc. purchased a new position in shares of Boyd Group Services in the 2nd quarter worth about $5,222,000. 0.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on BGSI shares. Wall Street Zen downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Boyd Group Services Stock Performance

Shares of BGSI stock opened at $86.31 on Friday. The company has a 50 day moving average price of $97.77 and a 200-day moving average price of $119.05. Boyd Group Services Inc. has a 52 week low of $84.30 and a 52 week high of $183.10. The firm has a market capitalization of $2.40 billion, a PE ratio of 187.63 and a beta of 0.72. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). The company had revenue of $1.01 billion for 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%. As a group, equities research analysts expect that Boyd Group Services Inc. will post 3.43 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, June 30th. This represents a $0.62 annualized dividend and a dividend yield of 0.7%. Boyd Group Services’s payout ratio is presently 95.65%.

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.