Barclays PLC Acquires 64,035 Shares of BrightView Holdings, Inc. (NYSE:BV)

Barclays PLC grew its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 133.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,969 shares of the company’s stock after buying an additional 64,035 shares during the quarter. Barclays PLC owned approximately 0.12% of BrightView worth $1,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its position in shares of BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after purchasing an additional 177,105 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in BrightView in the 2nd quarter valued at about $560,000. Driehaus Capital Management LLC bought a new position in BrightView in the 2nd quarter valued at about $13,086,000. Telemark Asset Management LLC lifted its position in BrightView by 14.3% during the third quarter. Telemark Asset Management LLC now owns 800,000 shares of the company’s stock worth $12,592,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Harvey Partners LLC lifted its position in BrightView by 9.1% during the third quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock worth $29,434,000 after acquiring an additional 156,500 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Trading Down 2.2 %

BV opened at $16.04 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of 145.83 and a beta of 1.30. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a twelve month low of $7.75 and a twelve month high of $18.89. The company has a fifty day moving average of $16.79 and a 200-day moving average of $15.38.

BrightView (NYSE:BV) last released its earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. On average, sell-side analysts predict that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

BV has been the topic of a number of recent research reports. Morgan Stanley raised their price target 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. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Loop Capital lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Robert W. Baird increased 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. Finally, BTIG Research initiated coverage on BrightView in a report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Two 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Insider Activity at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company’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 transaction, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

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.