BrightView (NYSE:BV - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.
Several other research analysts have also recently commented on the company. Robert W. Baird reduced their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, July 2nd. Loop Capital lowered their price objective on BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, BrightView presently has an average rating of "Moderate Buy" and a consensus price target of $17.82.
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BrightView Stock Performance
Shares of BV stock traded down $0.15 during mid-day trading on Friday, reaching $14.99. The stock had a trading volume of 114,458 shares, compared to its average volume of 736,578. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.42 billion, a PE ratio of 500.00 and a beta of 1.26. BrightView has a one year low of $11.81 and a one year high of $18.89. The firm's 50 day simple moving average is $15.84 and its 200 day simple moving average is $14.75.
BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $708.30 million during the quarter, compared to the consensus estimate of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, analysts forecast that BrightView will post 0.73 EPS for the current year.
Insider Activity
In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the completion of the sale, the insider directly owned 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On BrightView
Several institutional investors have recently bought and sold shares of BV. IFP Advisors Inc increased its holdings in shares of BrightView by 54.2% in the second quarter. IFP Advisors Inc now owns 2,385 shares of the company's stock worth $40,000 after buying an additional 838 shares during the period. Creative Planning increased its stake in shares of BrightView by 3.9% in the 2nd quarter. Creative Planning now owns 22,841 shares of the company's stock worth $380,000 after purchasing an additional 858 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of BrightView by 5.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company's stock valued at $383,000 after purchasing an additional 1,240 shares during the last quarter. CWM LLC lifted its holdings in shares of BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after acquiring an additional 1,264 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BrightView by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,094 shares of the company's stock valued at $529,000 after acquiring an additional 1,278 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.
BrightView Company Profile
(
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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.
Further Reading

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