198,594 BrightView Holdings, Inc. $BV Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP cut its position in BrightView Holdings, Inc. (NYSE:BV) by 7.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,310,933 shares of the company’s stock after selling 198,594 shares during the quarter. Cooke & Bieler LP’s holdings in BrightView were worth $23,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BV. Public Employees Retirement System of Ohio bought a new position in BrightView in the 2nd quarter worth $41,000. Janney Montgomery Scott LLC acquired a new position in BrightView during the 1st quarter worth $145,000. Mcmorgan & Co. LLC acquired a new position in BrightView during the 2nd quarter worth $176,000. Sequoia Financial Advisors LLC bought a new stake in BrightView during the second quarter valued at about $182,000. Finally, Amundi bought a new stake in BrightView during the first quarter valued at about $234,000. Institutional investors own 92.41% of the company’s stock.

Insider Activity

In related news, Director William Cornog acquired 50,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director owned 70,000 shares in the company, valued at $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Robert W. Baird set a $14.00 price objective on BrightView in a research note on Wednesday, August 5th. Morgan Stanley cut their price objective on BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Wall Street Zen downgraded BrightView from a “hold” rating to a “sell” rating in a research note on Saturday, October 10th. Finally, Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.93.

BrightView Trading Down 0.6%

Shares of BV stock opened at $10.44 on Thursday. The firm has a market capitalization of $973.38 million, a P/E ratio of -41.78, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. BrightView Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $15.00. The firm’s fifty day simple moving average is $10.84 and its 200 day simple moving average is $12.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV) last released its earnings results 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 company had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. BrightView’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that BrightView Holdings, Inc. will post 0.40 EPS for the current year.

BrightView Profile

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.