State Street Corp Buys 177,105 Shares of BrightView Holdings, Inc. (NYSE:BV)

State Street Corp boosted its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,211,909 shares of the company’s stock after buying an additional 177,105 shares during the quarter. State Street Corp owned approximately 1.28% of BrightView worth $19,075,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new stake in BrightView in the third quarter worth about $45,000. Innealta Capital LLC bought a new stake in shares of BrightView in the 2nd quarter valued at about $102,000. FMR LLC lifted its position in shares of BrightView by 293.4% in the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after purchasing an additional 5,134 shares during the period. Kathmere Capital Management LLC bought a new position in shares of BrightView during the second quarter valued at approximately $133,000. Finally, Quest Partners LLC purchased a new position in BrightView during the third quarter valued at approximately $153,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BV. Loop Capital upped their target price on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. BTIG Research assumed coverage on shares of BrightView in a report on Monday, December 2nd. They issued a “buy” rating and a $22.00 target price for the company. Robert W. Baird increased 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. Finally, Morgan Stanley lifted their price objective on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.11.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares in the company, valued at $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by corporate insiders.

BrightView Trading Down 0.4 %

NYSE:BV opened at $15.91 on Tuesday. The company has a market capitalization of $1.51 billion, a P/E ratio of 144.65 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. BrightView Holdings, Inc. has a 12 month low of $7.75 and a 12 month high of $18.89. The firm has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $15.32.

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