BrightView (NYSE:BV) Director William Cornog Acquires 10,000 Shares

BrightView Holdings, Inc. (NYSE:BV) Director William Cornog purchased 10,000 shares of BrightView stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $12.84 per share, with a total value of $128,400.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at $385,200. This represents a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BrightView Trading Up 0.1%

BrightView stock opened at $12.80 on Thursday. The firm has a market cap of $1.21 billion, a PE ratio of 319.88 and a beta of 1.30. BrightView Holdings, Inc. has a 12 month low of $11.06 and a 12 month high of $18.08. The stock’s 50 day simple moving average is $12.72 and its two-hundred day simple moving average is $14.40. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). BrightView had a net margin of 2.10% and a return on equity of 8.43%. The firm had revenue of $702.80 million during the quarter, compared to analyst estimates of $718.03 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BV has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on BrightView from $13.50 to $10.50 and set a “sell” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen downgraded BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, October 8th. Morgan Stanley cut their price target on shares of BrightView from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, November 20th. Finally, BTIG Research started coverage on shares of BrightView in a report on Monday. They set a “buy” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.50.

Institutional Investors Weigh In On BrightView

A number of large investors have recently modified their holdings of BV. Van Berkom & Associates Inc. purchased a new position in shares of BrightView in the third quarter worth about $61,076,000. William Blair Investment Management LLC acquired a new stake in BrightView in the 3rd quarter valued at about $25,565,000. Boston Partners lifted its stake in BrightView by 106.1% in the 2nd quarter. Boston Partners now owns 2,079,487 shares of the company’s stock worth $34,622,000 after purchasing an additional 1,070,339 shares in the last quarter. Cooke & Bieler LP boosted its holdings in shares of BrightView by 40.9% during the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock worth $47,812,000 after purchasing an additional 1,035,820 shares during the last quarter. Finally, Bessemer Group Inc. boosted 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 purchasing an additional 833,469 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About BrightView

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.