Intech Investment Management LLC Invests $251,000 in BrightView Holdings, Inc. (NYSE:BV)

Intech Investment Management LLC acquired a new stake in shares of BrightView Holdings, Inc. (NYSE:BV) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,976 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors also recently bought and sold shares of BV. Driehaus Capital Management LLC acquired a new stake in BrightView in the second quarter valued at approximately $13,086,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of BrightView in the 2nd quarter worth $9,857,000. Dimensional Fund Advisors LP grew its stake in BrightView by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after buying an additional 695,987 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in BrightView by 150.5% during the 3rd 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. increased its position in BrightView by 4.8% during the 1st 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 in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley started coverage on shares of BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target for the company. Robert W. Baird lifted their price target on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group boosted their price target on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research note on Friday, November 15th. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, BrightView presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

Insider Buying and Selling

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at $1,611,685.24. The trade was a 22.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

BrightView Stock Up 0.5 %

Shares of BV opened at $17.89 on Friday. BrightView Holdings, Inc. has a 52-week low of $7.74 and a 52-week high of $18.89. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $16.64 and a two-hundred day simple moving average of $15.07. The company has a market capitalization of $1.70 billion, a PE ratio of 162.64 and a beta of 1.30.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, equities analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

BrightView Profile

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.