BrightView (NYSE:BV) Price Target Lowered to $19.00 at Robert W. Baird

BrightView (NYSE:BV - Free Report) had its price objective trimmed by Robert W. Baird from $20.00 to $19.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.27.

BrightView Stock Down 10.0%

Shares of NYSE BV traded down $1.69 during midday trading on Wednesday, hitting $15.16. 4,189,004 shares of the company's stock were exchanged, compared to its average volume of 601,304. The firm's fifty day simple moving average is $15.61 and its 200-day simple moving average is $14.79. The company has a market cap of $1.44 billion, a PE ratio of -757.62 and a beta of 1.27. BrightView has a twelve month low of $11.81 and a twelve month high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.42.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $662.60 million during the quarter, compared to the consensus estimate of $643.29 million. BrightView had a net margin of 1.65% and a return on equity of 8.29%. The company's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. Research analysts predict that BrightView will post 0.73 EPS for the current fiscal year.

Insider Activity at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares in the company, valued at $310,076,971.20. The trade was a 35.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On BrightView

A number of institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its holdings in shares of BrightView by 832.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock valued at $30,000 after buying an additional 1,664 shares during the period. Tower Research Capital LLC TRC raised its position in BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after acquiring an additional 1,475 shares in the last quarter. CWM LLC lifted its holdings in BrightView by 58.7% in the first 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 period. NewEdge Advisors LLC purchased a new stake in shares of BrightView during the 4th quarter worth $56,000. Finally, GAMMA Investing LLC boosted its position in shares of BrightView by 933.1% during the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock worth $104,000 after purchasing an additional 7,306 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

About BrightView

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.