Pillsbury Lake Capital LLC Invests $10.49 Billion in Boyd Group Services Inc. $BGSI

Pillsbury Lake Capital LLC bought a new stake in Boyd Group Services Inc. (NYSE:BGSI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 110,928 shares of the company's stock, valued at approximately $10,492,841,000. Boyd Group Services makes up approximately 2.9% of Pillsbury Lake Capital LLC's portfolio, making the stock its 17th biggest holding. Pillsbury Lake Capital LLC owned 0.40% of Boyd Group Services at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BGSI. Assetmark Inc. increased its position in shares of Boyd Group Services by 23.5% in the 1st quarter. Assetmark Inc. now owns 457 shares of the company's stock valued at $58,000 after purchasing an additional 87 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Boyd Group Services by 2.1% in the first quarter. Public Employees Retirement System of Ohio now owns 7,666 shares of the company's stock valued at $975,000 after buying an additional 158 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Boyd Group Services by 11.8% in the first quarter. Pictet Asset Management Holding SA now owns 5,425 shares of the company's stock valued at $690,000 after buying an additional 571 shares in the last quarter. Value Partners Investments Inc. lifted its holdings in Boyd Group Services by 7.4% during the 1st quarter. Value Partners Investments Inc. now owns 9,905 shares of the company's stock worth $1,262,000 after buying an additional 686 shares during the last quarter. Finally, Cardinal Point Capital Management ULC lifted its holdings in Boyd Group Services by 8.0% during the 1st quarter. Cardinal Point Capital Management ULC now owns 20,095 shares of the company's stock worth $2,560,000 after buying an additional 1,495 shares during the last quarter. Hedge funds and other institutional investors own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BGSI. Weiss Ratings reissued a "sell (d)" rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. 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. Finally, Wall Street Zen cut shares of Boyd Group Services from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. One 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 given a Sell rating to the company. According to data from MarketBeat, Boyd Group Services presently has an average rating of "Moderate Buy" and an average target price of $157.00.

Boyd Group Services Price Performance

Shares of NYSE:BGSI opened at $86.48 on Thursday. Boyd Group Services Inc. has a one year low of $84.30 and a one year high of $183.10. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 188.00 and a beta of 0.72. The company has a 50-day simple moving average of $98.00 and a 200-day simple moving average of $119.93. 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 issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts predict 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 given a dividend of $0.156 per share. 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 presently 95.65%.

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.

Want to see what other hedge funds are holding BGSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boyd Group Services Inc. (NYSE:BGSI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source