BrightView (NYSE:BV – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.
Several other equities analysts have also issued reports on BV. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Morgan Stanley reduced their target price on BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Robert W. Baird set a $14.00 target price on BrightView in a research report on Wednesday, August 5th. Zacks Research downgraded BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Oppenheimer began coverage on BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.10.
Read Our Latest Report on BrightView
BrightView Trading Down 0.4%
BrightView (NYSE:BV – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The business had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts expect that BrightView will post 0.4 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director William Cornog bought 50,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
Institutional Trading of BrightView
Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of BrightView in the second quarter valued at about $41,000. BNP Paribas Financial Markets raised its holdings in BrightView by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares during the period. Glenmede Investment Management LP acquired a new stake in BrightView in the third quarter valued at about $139,000. Finally, Man Group plc purchased a new stake in BrightView in the 2nd quarter valued at approximately $185,000. Institutional investors and hedge funds own 92.41% of the company’s stock.
About BrightView
BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.
Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.
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