Barclays PLC Increases Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Barclays PLC raised its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 133.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,969 shares of the company’s stock after purchasing an additional 64,035 shares during the period. Barclays PLC owned 0.12% of BrightView worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BV. Bank of New York Mellon Corp increased its position in BrightView by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 218,111 shares of the company’s stock worth $2,901,000 after purchasing an additional 30,042 shares during the last quarter. Rhumbline Advisers raised its position in shares of BrightView by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 74,280 shares of the company’s stock valued at $988,000 after buying an additional 3,835 shares in the last quarter. TD Asset Management Inc purchased a new stake in shares of BrightView during the 2nd quarter valued at about $1,588,000. Arizona State Retirement System lifted its holdings in shares of BrightView by 48.4% in the 2nd quarter. Arizona State Retirement System now owns 17,177 shares of the company’s stock valued at $228,000 after acquiring an additional 5,601 shares during the last quarter. Finally, American Century Companies Inc. grew its position in BrightView by 90.6% in the second quarter. American Century Companies Inc. now owns 62,952 shares of the company’s stock worth $837,000 after acquiring an additional 29,917 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 2.5 %

BrightView stock opened at $15.00 on Friday. BrightView Holdings, Inc. has a 1-year low of $8.06 and a 1-year high of $18.89. The business has a fifty day moving average price of $16.66 and a 200-day moving average price of $15.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 136.38 and a beta of 1.30.

BrightView (NYSE:BV) last announced its quarterly earnings data 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 during 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%. BrightView’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Equities research analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Insider Activity

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. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

BV has been the topic of a number of analyst reports. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. 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 report on Friday, November 15th. The Goldman Sachs Group raised their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday, November 15th. Robert W. Baird upped their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley raised their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.11.

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.