Principal Financial Group Inc. Grows Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Principal Financial Group Inc. boosted its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,359 shares of the company’s stock after buying an additional 4,430 shares during the quarter. Principal Financial Group Inc. owned 0.05% of BrightView worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of BrightView by 1.0% during the 4th quarter. Rhumbline Advisers now owns 82,520 shares of the company’s stock worth $1,319,000 after purchasing an additional 831 shares during the period. New York State Teachers Retirement System lifted its stake in BrightView by 32.1% in the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after purchasing an additional 1,293 shares during the last quarter. Empowered Funds LLC boosted its position in shares of BrightView by 5.1% during the fourth quarter. Empowered Funds LLC now owns 498,185 shares of the company’s stock valued at $7,966,000 after buying an additional 24,328 shares during the period. Bleakley Financial Group LLC grew its stake in shares of BrightView by 17.3% during the fourth quarter. Bleakley Financial Group LLC now owns 18,689 shares of the company’s stock valued at $299,000 after buying an additional 2,752 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of BrightView in the fourth quarter worth approximately $273,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

BV has been the subject of a number of recent analyst reports. Loop Capital boosted their price objective on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley boosted their target price on shares of BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price target 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 boosted their price objective 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, William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

BrightView Stock Down 0.9 %

Shares of BrightView stock opened at $12.40 on Friday. BrightView Holdings, Inc. has a 1 year low of $9.55 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 68.88 and a beta of 1.32. The firm’s 50-day moving average is $14.95 and its two-hundred day moving average is $15.80.

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.