Brokerages Set BrightView Holdings, Inc. (NYSE:BV) PT at $14.52

BrightView Holdings, Inc. (NYSE:BV) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.5167.

A number of research firms recently issued reports on BV. Weiss Ratings cut BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. CJS Securities upgraded BrightView to a “strong-buy” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. boosted their price target on BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, February 5th. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley lifted their target price on shares of BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th.

Insiders Place Their Bets

In related news, Director William L. Cornog acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the acquisition, the director owned 30,000 shares in the company, valued at $385,200. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the executive vice president owned 142,958 shares of the company’s stock, valued at approximately $1,804,129.96. The trade was a 19.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

Hedge funds have recently modified their holdings of the company. Van Berkom & Associates Inc. bought a new stake in shares of BrightView during the third quarter valued at approximately $61,076,000. William Blair Investment Management LLC bought a new stake in BrightView in the 3rd quarter valued at $25,565,000. Boston Partners increased its holdings in BrightView by 106.1% in the 2nd quarter. Boston Partners now owns 2,079,487 shares of the company’s stock valued at $34,622,000 after buying an additional 1,070,339 shares during the period. Cooke & Bieler LP raised its stake in shares of BrightView by 40.9% in the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after buying an additional 1,035,820 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of BrightView by 52.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock worth $40,362,000 after acquiring an additional 833,469 shares during the period. Institutional investors own 92.41% of the company’s stock.

BrightView Trading Up 3.8%

Shares of NYSE BV opened at $13.68 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. BrightView has a one year low of $11.06 and a one year high of $17.10. The business has a 50-day moving average price of $13.08 and a two-hundred day moving average price of $13.32. The firm has a market capitalization of $1.29 billion, a PE ratio of -684.10 and a beta of 1.28.

BrightView (NYSE:BV) last posted 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). BrightView had a return on equity of 7.85% and a net margin of 1.90%.The company had revenue of $614.70 million for the quarter, compared to analyst estimates of $589.91 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts predict that BrightView will post 0.73 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.