BNP Paribas Financial Markets Acquires 1,056 Shares of BrightView Holdings, Inc. (NYSE:BV)

BNP Paribas Financial Markets raised its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,184 shares of the company’s stock after purchasing an additional 1,056 shares during the quarter. BNP Paribas Financial Markets’ holdings in BrightView were worth $381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Driehaus Capital Management LLC acquired a new position in BrightView in the 2nd quarter valued at about $13,086,000. Allspring Global Investments Holdings LLC bought a new position in shares of BrightView during the second quarter worth approximately $9,857,000. Dimensional Fund Advisors LP grew its holdings in BrightView by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after buying an additional 695,987 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in BrightView by 150.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after buying an additional 379,916 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in BrightView by 704.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock worth $5,337,000 after buying an additional 296,931 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BrightView

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

Analyst Ratings Changes

Several equities analysts recently commented on BV shares. Loop Capital upped their price target on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Robert W. Baird lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the company 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. BTIG Research assumed coverage on BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, BrightView currently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

BrightView Stock Up 0.2 %

BV stock opened at $16.85 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 153.18 and a beta of 1.30. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $16.84 and a 200-day moving average price of $15.22. BrightView Holdings, Inc. has a 12 month low of $7.75 and a 12 month high of $18.89.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 2.40% and a return on equity of 7.65%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. As a group, equities research analysts anticipate that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal 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.