Boyd Group Services Inc. $BGSI Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. cut its stake in Boyd Group Services Inc. (NYSE:BGSI) by 44.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the company’s stock after selling 13,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Boyd Group Services were worth $2,039,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cumberland Partners Ltd raised its stake in Boyd Group Services by 135.9% during the 1st quarter. Cumberland Partners Ltd now owns 30,900 shares of the company’s stock valued at $3,932,000 after acquiring an additional 17,800 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Boyd Group Services by 2.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 7,666 shares of the company’s stock valued at $975,000 after purchasing an additional 158 shares in the last quarter. NewGen Asset Management Ltd boosted its stake in Boyd Group Services by 155.7% during the 1st quarter. NewGen Asset Management Ltd now owns 69,800 shares of the company’s stock valued at $8,895,000 after purchasing an additional 42,500 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Boyd Group Services by 24.5% during the first quarter. Van Berkom & Associates Inc. now owns 39,114 shares of the company’s stock valued at $4,983,000 after buying an additional 7,703 shares in the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of Boyd Group Services in the 1st quarter worth approximately $2,594,000. Institutional investors own 0.17% of the company’s stock.

Boyd Group Services Price Performance

Boyd Group Services stock opened at $107.86 on Tuesday. 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 Inc. has a fifty-two week low of $88.97 and a fifty-two week high of $183.10. The stock’s fifty day moving average price is $99.91. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 163.43 and a beta of 0.76.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%. As a group, sell-side analysts expect that Boyd Group Services Inc. will post 3.85 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, June 30th will be given a $0.156 dividend. This represents a $0.62 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Boyd Group Services’s payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

BGSI has been the topic of a number of recent research reports. Zacks Research cut Boyd Group Services from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Stephens dropped their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of “Hold” and an average target price of $157.00.

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.