BrightView Holdings, Inc. $BV Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in BrightView Holdings, Inc. (NYSE:BV) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,897,951 shares of the company’s stock after selling 93,007 shares during the quarter. Vanguard Group Inc. owned 0.07% of BrightView worth $87,397,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Van Berkom & Associates Inc. acquired a new position in BrightView in the 3rd quarter worth about $61,076,000. Harvey Partners LLC raised its holdings in BrightView by 5.0% in the 3rd quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock worth $39,517,000 after purchasing an additional 141,000 shares during the period. Interval Partners LP raised its holdings in BrightView by 60.5% in the 3rd quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock worth $22,003,000 after purchasing an additional 618,875 shares during the period. Cooke & Bieler LP raised its holdings in shares of BrightView by 40.9% during the third quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after acquiring an additional 1,035,820 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of BrightView during the third quarter valued at approximately $25,565,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Price Performance

BV stock opened at $12.52 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day simple moving average of $12.16 and a 200-day simple moving average of $12.65. The firm has a market capitalization of $1.17 billion, a PE ratio of -178.90 and a beta of 1.20. BrightView Holdings, Inc. has a 1 year low of $11.06 and a 1 year high of $17.10.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $702.90 million during the quarter, compared to analyst estimates of $638.80 million. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. Equities research analysts anticipate that BrightView Holdings, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on BV. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of BrightView in a report on Monday. The Goldman Sachs Group reissued a “sell” rating and set a $11.10 target price on shares of BrightView in a report on Monday, February 9th. Morgan Stanley increased their target price on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and increased their target price for the company from $13.00 to $14.00 in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.02.

BrightView Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.