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

Principal Financial Group Inc. acquired a new position in shares of BrightView Holdings, Inc. (NYSE:BV) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 45,929 shares of the company’s stock, valued at approximately $723,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BV. &PARTNERS acquired a new stake in BrightView during the second quarter worth approximately $1,497,000. Thompson Siegel & Walmsley LLC acquired a new position in BrightView in the second quarter valued at $560,000. Driehaus Capital Management LLC acquired a new position in BrightView in the second quarter valued at $13,086,000. Kennedy Capital Management LLC purchased a new position in BrightView during the first quarter worth about $6,673,000. Finally, Anchor Capital Advisors LLC acquired a new stake in BrightView in the 2nd quarter worth about $626,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

BV has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research note on Friday, November 15th. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Finally, Robert W. Baird boosted their price target on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Stock Up 2.2 %

Shares of NYSE BV opened at $17.03 on Friday. The stock has a fifty day moving average price of $16.36 and a 200 day moving average price of $14.83. 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 $7.29 and a 12-month high of $18.89. The company has a market cap of $1.62 billion, a P/E ratio of 154.82 and a beta of 1.28.

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

Insider Activity

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction that occurred on 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 owns 100,354 shares in the company, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

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.