Van Berkom & Associates Inc. Invests $61.08 Million in BrightView Holdings, Inc. $BV

Van Berkom & Associates Inc. acquired a new stake in shares of BrightView Holdings, Inc. (NYSE:BV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,557,878 shares of the company’s stock, valued at approximately $61,076,000. Van Berkom & Associates Inc. owned about 4.80% of BrightView as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Boston Partners grew its holdings in BrightView by 106.1% during the second quarter. Boston Partners now owns 2,079,487 shares of the company’s stock valued at $34,622,000 after purchasing an additional 1,070,339 shares during 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 buying an additional 1,035,820 shares during the period. Bessemer Group Inc. grew its stake in BrightView by 52.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock valued at $40,362,000 after buying an additional 833,469 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in BrightView by 68.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,357,920 shares of the company’s stock worth $22,609,000 after acquiring an additional 552,727 shares during the period. Finally, Millennium Management LLC lifted its position in BrightView by 54.2% during the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after acquiring an additional 512,098 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of NYSE BV opened at $13.70 on Wednesday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 342.60 and a beta of 1.28. BrightView Holdings, Inc. has a one year low of $11.06 and a one year high of $17.10. The business has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $13.49. 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 announced its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $614.70 million during the quarter, compared to the consensus estimate of $589.91 million. BrightView had a net margin of 2.10% and a return on equity of 8.43%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. Sell-side analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Insider Transactions at BrightView

In related news, Director William L. Cornog acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $12.84 per share, with a total value of $128,400.00. Following the completion of the acquisition, the director owned 30,000 shares of the company’s stock, valued at $385,200. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

BV has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, January 21st. CJS Securities raised BrightView to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley increased their price objective on BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Robert W. Baird dropped their target price on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.70.

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.