Northwestern Mutual Wealth Management Co. Invests $5.98 Million in BrightView Holdings, Inc. $BV

Northwestern Mutual Wealth Management Co. bought a new stake in BrightView Holdings, Inc. (NYSE:BV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 421,769 shares of the company’s stock, valued at approximately $5,976,000.

A number of other large investors also recently made changes to their positions in the company. Royal Bank of Canada grew its position in BrightView by 4.7% in the 1st quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after purchasing an additional 31,291 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of BrightView by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock worth $2,696,000 after buying an additional 90,627 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of BrightView by 7.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock worth $455,000 after buying an additional 2,349 shares during the last quarter. Millennium Management LLC grew its holdings in shares of BrightView by 54.2% in the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after acquiring an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of BrightView by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after acquiring an additional 167,966 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Insider Activity

In other news, Director William L. Cornog purchased 50,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $11.25 per share, with a total value of $562,500.00. Following the transaction, the director directly owned 70,000 shares of the company’s stock, valued at approximately $787,500. This represents a 250.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen lowered BrightView from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. BTIG Research restated a “buy” rating and issued a $16.00 price objective on shares of BrightView in a research note on Monday, May 11th. Oppenheimer began coverage on BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price for the company. Finally, Morgan Stanley lowered their target price on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.10.

BrightView Trading Up 0.1%

NYSE:BV opened at $11.31 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.05 billion, a PE ratio of -45.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The firm’s 50 day moving average is $13.24 and its 200 day moving average is $12.80. BrightView Holdings, Inc. has a 12 month low of $10.42 and a 12 month high of $15.25.

BrightView (NYSE:BV) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The firm had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $726.13 million. During the same quarter in the previous year, the company posted $0.30 EPS. BrightView’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts expect that BrightView Holdings, Inc. will post 0.4 earnings per share for the current year.

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.