Allspring Global Investments Holdings LLC Purchases New Position in BrightView Holdings, Inc. (NYSE:BV)

Allspring Global Investments Holdings LLC acquired a new stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 741,164 shares of the company's stock, valued at approximately $9,857,000. Allspring Global Investments Holdings LLC owned 0.78% of BrightView as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BrightView by 59.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company's stock worth $61,000 after purchasing an additional 2,726 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of BrightView in the 4th quarter valued at about $91,000. Teacher Retirement System of Texas purchased a new stake in BrightView during the fourth quarter worth approximately $92,000. Aigen Investment Management LP acquired a new stake in shares of BrightView in the fourth quarter worth $94,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of BrightView in the 4th quarter valued at $128,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

BrightView Stock Up 1.0 %

Shares of BrightView stock traded up $0.16 during trading on Friday, reaching $15.97. The company had a trading volume of 559,985 shares, compared to its average volume of 661,005. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.67 and a current ratio of 1.45. BrightView Holdings, Inc. has a fifty-two week low of $6.58 and a fifty-two week high of $16.26. The firm's fifty day moving average is $14.04 and its 200-day moving average is $12.47. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 79.85 and a beta of 1.29.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $738.80 million for the quarter, compared to analysts' expectations of $736.94 million. BrightView had a return on equity of 6.27% and a net margin of 2.06%. BrightView's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, analysts anticipate that BrightView Holdings, Inc. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird upgraded BrightView from a "neutral" rating to an "outperform" rating and increased their price target for the company from $13.00 to $17.00 in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their price target on BrightView from $10.00 to $11.30 and gave the stock a "sell" rating in a research report on Friday, August 2nd. Morgan Stanley began coverage on shares of BrightView in a research report on Thursday, August 22nd. They issued an "equal weight" rating and a $16.00 price objective for the company. Jefferies Financial Group raised shares of BrightView from a "hold" rating to a "buy" rating and boosted their target price for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. Finally, Loop Capital raised shares of BrightView to a "strong-buy" rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.

BrightView Company 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.