Principal Financial Group Inc. purchased a new stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 added to or reduced their stakes in BV. State Street Corp grew its holdings in shares of BrightView by 17.1% during the third quarter. State Street Corp now owns 1,211,909 shares of the company's stock worth $19,075,000 after purchasing an additional 177,105 shares during the last quarter. Barclays PLC grew its holdings in BrightView by 133.6% during the 3rd quarter. Barclays PLC now owns 111,969 shares of the company's stock worth $1,762,000 after acquiring an additional 64,035 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in BrightView during the 2nd quarter worth about $560,000. Driehaus Capital Management LLC acquired a new stake in BrightView in the 2nd quarter valued at about $13,086,000. Finally, Telemark Asset Management LLC raised its stake in shares of BrightView by 14.3% in the third quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock worth $12,592,000 after acquiring an additional 100,000 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently weighed in on BV. Morgan Stanley raised their price target on shares of BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Loop Capital lifted their target price on BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, November 15th. BTIG Research started coverage on BrightView in a research note on Monday, December 2nd. They set a "buy" rating and a $22.00 price target on the stock. Robert W. Baird lifted their price objective on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group upped their target price on shares of BrightView from $11.30 to $12.90 and gave the company a "sell" rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.11.
Read Our Latest Report on BV
Insider Buying and Selling at BrightView
In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the transaction, the executive vice president now owns 100,354 shares of the company's stock, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.40% of the company's stock.
BrightView Trading Down 1.2 %
Shares of BV stock traded down $0.19 on Monday, reaching $15.83. The company had a trading volume of 331,713 shares, compared to its average volume of 324,404. The company has a 50-day moving average of $16.76 and a 200-day moving average of $15.50. BrightView Holdings, Inc. has a 12 month low of $7.75 and a 12 month high of $18.89. The stock has a market cap of $1.50 billion, a PE ratio of 143.92 and a beta of 1.30. 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 (NYSE:BV - Get Free Report) last posted its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same period last year, the business posted $0.14 earnings per share. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that BrightView Holdings, Inc. will post 0.75 earnings per share for the current year.
BrightView Company Profile
(
Free Report)
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.
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