Vanguard Group Inc. Sells 51,569 Shares of BrightView Holdings, Inc. $BV

Vanguard Group Inc. decreased its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,990,958 shares of the company’s stock after selling 51,569 shares during the period. Vanguard Group Inc. owned about 0.07% of BrightView worth $93,679,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of BrightView by 1.9% in the 3rd quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock worth $1,262,000 after buying an additional 1,733 shares in the last quarter. Optimize Financial Inc boosted its stake in BrightView by 25.8% in the 3rd quarter. Optimize Financial Inc now owns 22,078 shares of the company’s stock valued at $296,000 after buying an additional 4,524 shares in the last quarter. Van Berkom & Associates Inc. bought a new stake in BrightView in the third quarter valued at $61,076,000. State of Wyoming raised its stake in BrightView by 42.1% during the third quarter. State of Wyoming now owns 34,384 shares of the company’s stock worth $461,000 after acquiring an additional 10,186 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of BrightView by 0.9% during the third quarter. Federated Hermes Inc. now owns 372,741 shares of the company’s stock valued at $4,995,000 after acquiring an additional 3,328 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Trading Down 0.1%

BV opened at $13.39 on Friday. BrightView Holdings, Inc. has a 1-year low of $11.06 and a 1-year high of $17.10. The stock has a market capitalization of $1.26 billion, a PE ratio of -669.50 and a beta of 1.26. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $13.33 and a two-hundred day moving average price of $13.20.

BrightView (NYSE:BV) last released its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $614.70 million for the quarter, compared to the consensus estimate of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. BrightView’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. As a group, equities analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director William L. Cornog acquired 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $67,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BV has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, February 5th. Morgan Stanley boosted their price target on shares of BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday. The Goldman Sachs Group reaffirmed a “sell” rating and set a $11.10 price objective on shares of BrightView in a research note on Monday, February 9th. BTIG Research assumed coverage on shares of BrightView in a research note on Monday, December 1st. They issued a “buy” rating and a $15.00 target price for the company. Finally, Weiss Ratings downgraded BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.68.

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.