Barclays PLC Grows Stake in BrightView Holdings, Inc. (NYSE:BV)

Barclays PLC raised its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 133.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,969 shares of the company's stock after acquiring an additional 64,035 shares during the quarter. Barclays PLC owned approximately 0.12% of BrightView worth $1,762,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BV. BNP Paribas Financial Markets boosted its stake in BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company's stock worth $381,000 after acquiring an additional 1,056 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of BrightView by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company's stock worth $238,000 after purchasing an additional 1,431 shares in the last quarter. Creative Planning grew its stake in shares of BrightView by 7.0% in the 3rd quarter. Creative Planning now owns 24,019 shares of the company's stock worth $378,000 after buying an additional 1,564 shares during the last quarter. Los Angeles Capital Management LLC increased its position in BrightView by 3.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company's stock valued at $1,189,000 after buying an additional 2,340 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in BrightView in the third quarter worth $45,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Stock Performance

Shares of NYSE BV traded down $0.38 during midday trading on Friday, hitting $15.00. 556,190 shares of the stock traded hands, compared to its average volume of 454,198. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. BrightView Holdings, Inc. has a one year low of $8.06 and a one year high of $18.89. The firm has a market capitalization of $1.43 billion, a P/E ratio of 136.38 and a beta of 1.30. The firm has a 50-day moving average of $16.66 and a two-hundred day moving average of $15.54.

BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The business had revenue of $728.70 million for the quarter, compared to analysts' expectations of $723.01 million. During the same period last year, the firm posted $0.14 earnings per share. The business's revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. William Blair upgraded BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. Robert W. Baird lifted their target price on shares of BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Loop Capital increased 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. BTIG Research started coverage on BrightView in a research report on Monday, December 2nd. They issued a "buy" rating and a $22.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on BrightView from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.11.

Insider Activity at BrightView

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 shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the sale, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. This trade represents a 22.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by company insiders.

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.