BrightView (NYSE:BV) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of BrightView (NYSE:BV) from a hold rating to a buy rating in a research note issued to investors on Saturday.

BV has been the subject of several other research reports. Loop Capital reduced their price objective on shares of BrightView from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird reduced their price objective on shares of BrightView from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.27.

BrightView Stock Up 3.6%

BrightView stock opened at $15.69 on Friday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -784.11 and a beta of 1.27. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $15.71 and its two-hundred day moving average price is $14.76. BrightView has a 52 week low of $11.81 and a 52 week high of $18.89.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. BrightView had a net margin of 1.65% and a return on equity of 8.29%. The company had revenue of $662.60 million during the quarter, compared to analyst estimates of $643.29 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts expect that BrightView will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of BrightView stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares of the company’s stock, valued at $310,076,971.20. This trade represents a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of BrightView by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company’s stock worth $93,236,000 after acquiring an additional 59,857 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BrightView by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company’s stock worth $64,976,000 after purchasing an additional 454,756 shares during the period. Cooke & Bieler LP boosted its holdings in shares of BrightView by 38.2% during the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company’s stock worth $32,300,000 after purchasing an additional 695,315 shares during the period. Newtyn Management LLC boosted its holdings in shares of BrightView by 30.5% during the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company’s stock worth $29,532,000 after purchasing an additional 538,111 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of BrightView by 25.9% during the fourth quarter. Bessemer Group Inc. now owns 1,908,651 shares of the company’s stock worth $30,520,000 after purchasing an additional 393,103 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.