Natixis Advisors LLC Acquires 24,443 Shares of BrightView Holdings, Inc. (NYSE:BV)

Natixis Advisors LLC lifted its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 49.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,222 shares of the company’s stock after buying an additional 24,443 shares during the period. Natixis Advisors LLC owned approximately 0.08% of BrightView worth $1,168,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Driehaus Capital Management LLC purchased a new stake in BrightView during the second quarter valued at $13,086,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of BrightView during the 2nd quarter valued at about $9,857,000. Dimensional Fund Advisors LP lifted its stake in shares of BrightView by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after purchasing an additional 695,987 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of BrightView by 150.5% in the third quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock worth $9,954,000 after buying an additional 379,916 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in BrightView by 4.8% during the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after buying an additional 185,327 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the sale, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

BV has been the topic of several analyst reports. Morgan Stanley started coverage on shares of BrightView in a research note on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target on the stock. Robert W. Baird lifted their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, Loop Capital boosted their price objective on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.41.

BrightView Trading Up 0.1 %

Shares of NYSE BV opened at $17.12 on Wednesday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 155.65 and a beta of 1.28. BrightView Holdings, Inc. has a 1-year low of $7.39 and a 1-year high of $18.89. The business’s 50 day moving average is $16.39 and its two-hundred day moving average is $14.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. BrightView’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. As a group, research analysts expect that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

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.