BrightView Holdings, Inc. (NYSE:BV) Shares Purchased by State Street Corp

State Street Corp lifted its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 17.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,211,909 shares of the company's stock after purchasing an additional 177,105 shares during the quarter. State Street Corp owned about 1.28% of BrightView worth $19,075,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BV. Thompson Siegel & Walmsley LLC acquired a new stake in BrightView during the second quarter worth about $560,000. Driehaus Capital Management LLC purchased a new stake in BrightView during the second quarter worth $13,086,000. Telemark Asset Management LLC boosted its holdings in BrightView by 14.3% during the third quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock worth $12,592,000 after buying an additional 100,000 shares in the last quarter. BNP Paribas Financial Markets grew its position in BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company's stock valued at $381,000 after buying an additional 1,056 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in BrightView in the third quarter valued at $723,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Insiders Place Their Bets

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business's stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $1,611,685.24. The trade was a 22.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by corporate insiders.

BrightView Trading Up 1.3 %

Shares of NYSE:BV traded up $0.20 during midday trading on Tuesday, reaching $16.11. 266,823 shares of the company's stock were exchanged, compared to its average volume of 610,837. The firm's 50 day simple moving average is $16.84 and its two-hundred day simple moving average is $15.33. BrightView Holdings, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 146.47 and a beta of 1.30.

BrightView (NYSE:BV - Get Free Report) last issued its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating 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 firm had revenue of $728.70 million for the quarter, compared to analysts' expectations of $723.01 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm's revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BV shares. Loop Capital raised their target price on BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 15th. BTIG Research started coverage on BrightView in a report on Monday, December 2nd. They issued a "buy" rating and a $22.00 price objective on the stock. Robert W. Baird upped their target price on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Morgan Stanley lifted their price target on shares of BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group raised their target price on BrightView from $11.30 to $12.90 and gave the company a "sell" rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BrightView presently has an average rating of "Moderate Buy" and a consensus price target of $17.11.

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.