Jupiter Topco LLC Takes Position in Boyd Group Services Inc. $BGSI

Key Points

• Jupiter Topco LLC acquired 164,723 shares of Boyd Group Services in the second quarter, worth approximately $15.6 million and representing about 0.59% of the company.
• Analyst sentiment is mixed, though the consensus rating remains “Moderate Buy” with an average price target of $157.00. Recent ratings included downgrades to hold and a sell rating.
• Boyd Group Services reported quarterly EPS of $0.80, below the $0.94 analyst estimate, while revenue of $1.01 billion slightly missed expectations. The stock opened at $86.31, near its 52-week low, and the company pays a quarterly dividend of $0.156.

Jupiter Topco LLC bought a new position in Boyd Group Services Inc. (NYSE:BGSI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 164,723 shares of the company's stock, valued at approximately $15,591,000. Jupiter Topco LLC owned about 0.59% of Boyd Group Services at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in Boyd Group Services by 23.5% in the 1st quarter. Assetmark Inc. now owns 457 shares of the company's stock worth $58,000 after buying an additional 87 shares during the period. Deutsche Bank AG bought a new stake in shares of Boyd Group Services in the 2nd quarter worth approximately $188,000. Public Sector Pension Investment Board purchased a new position in shares of Boyd Group Services during the fourth quarter valued at approximately $262,000. Amundi purchased a new position in shares of Boyd Group Services during the first quarter valued at approximately $277,000. Finally, Susquehanna Portfolio Strategies LLC bought a new position in shares of Boyd Group Services during the fourth quarter valued at approximately $287,000. Hedge funds and other institutional investors own 0.17% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen lowered Boyd Group Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Weiss Ratings restated a "sell (d)" rating on shares of Boyd Group Services in a report on Wednesday, June 24th. Finally, Zacks Research raised shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Boyd Group Services Stock Up 0.3%

BGSI stock opened at $86.31 on Friday. Boyd Group Services Inc. has a fifty-two week low of $84.30 and a fifty-two week high of $183.10. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 187.63 and a beta of 0.72. The business's 50 day moving average price is $97.77 and its two-hundred day moving average price is $119.05. 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 (NYSE:BGSI - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. As a group, analysts forecast that Boyd Group Services Inc. will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Boyd Group Services's dividend payout ratio is 95.65%.

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.

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