Vanguard Group Inc. Trims Stake in BrightView Holdings, Inc. $BV

Vanguard Group Inc. reduced its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & 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 about 7.30% of BrightView worth $87,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in BrightView by 139.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,951 shares of the company’s stock worth $658,000 after purchasing an additional 30,259 shares during the period. Bfsg LLC purchased a new position in BrightView during the 4th quarter worth $49,000. XTX Topco Ltd purchased a new position in BrightView during the 3rd quarter worth $679,000. Alyeska Investment Group L.P. increased its holdings in BrightView by 5.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the company’s stock worth $6,030,000 after purchasing an additional 25,000 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in BrightView by 29.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 440,735 shares of the company’s stock worth $5,906,000 after purchasing an additional 99,928 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BV. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a report on Monday, May 4th. Morgan Stanley lifted their price target on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $13.00 to $14.00 in a report on Thursday, May 7th. The Goldman Sachs Group reiterated a “sell” rating and issued a $11.10 price target on shares of BrightView in a report on Monday, February 9th. Finally, BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of BrightView in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, BrightView has a consensus rating of “Hold” and an average target price of $15.02.

BrightView Trading Down 2.5%

Shares of NYSE:BV opened at $12.52 on Thursday. BrightView Holdings, Inc. has a 12-month low of $11.06 and a 12-month high of $17.10. The business’s fifty day simple moving average is $12.16 and its 200-day simple moving average is $12.65. The company has a market capitalization of $1.17 billion, a PE ratio of -178.90 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66.

BrightView (NYSE:BV) last announced 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. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business had revenue of $702.90 million for the quarter, compared to the consensus estimate of $638.80 million. During the same period last year, the business posted $0.14 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts predict that BrightView Holdings, Inc. will post 0.58 earnings per share for the current fiscal year.

About BrightView

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.