Cooke & Bieler LP Has $46.23 Million Holdings in BrightView Holdings, Inc. $BV

Cooke & Bieler LP raised its holdings in BrightView Holdings, Inc. (NYSE:BV) by 2.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,648,496 shares of the company’s stock after purchasing an additional 80,446 shares during the quarter. Cooke & Bieler LP’s holdings in BrightView were worth $46,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BV. Bfsg LLC bought a new stake in BrightView in the 4th quarter valued at $49,000. BNP Paribas Financial Markets boosted its holdings in shares of BrightView by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of BrightView by 225.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after buying an additional 3,909 shares during the period. Glenmede Investment Management LP acquired a new position in BrightView in the 3rd quarter valued at about $139,000. Finally, Man Group plc bought a new position in BrightView in the 2nd quarter valued at about $185,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Stock Performance

BV opened at $12.60 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23. BrightView Holdings, Inc. has a 52-week low of $11.06 and a 52-week high of $17.10. The firm has a market cap of $1.17 billion, a P/E ratio of -179.93 and a beta of 1.20. The business’s fifty day moving average is $12.14 and its 200-day moving average is $12.64.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The firm had revenue of $702.90 million for the quarter, compared to the consensus estimate of $638.80 million. During the same period in the prior year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts expect that BrightView Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on BV. Morgan Stanley raised their price objective on shares of BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. The Goldman Sachs Group reiterated a “sell” rating and set a $11.10 target price on shares of BrightView in a research note on Monday, February 9th. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $13.00 to $14.00 in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $16.00 price objective on shares of BrightView in a report on Monday, May 11th. One research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.02.

BrightView Company 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.