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

BrightView (NYSE:BV - Free Report) had its price objective reduced by Robert W. Baird from $20.00 to $19.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Wall Street Zen downgraded shares of BrightView from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.27.

BrightView Price Performance

NYSE:BV traded up $0.54 during midday trading on Wednesday, hitting $15.69. The company had a trading volume of 1,027,237 shares, compared to its average volume of 606,406. The company has a market capitalization of $1.50 billion, a PE ratio of -784.11 and a beta of 1.27. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. BrightView has a 52-week low of $11.81 and a 52-week high of $18.89. The stock's fifty day moving average price is $15.71 and its 200-day moving average price is $14.76.

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

Insider Transactions at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company'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 completion of the transaction, the insider directly owned 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in BrightView by 832.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock worth $30,000 after purchasing an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of BrightView by 181.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $37,000 after buying an additional 1,475 shares during the period. CWM LLC increased its position in shares of BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after buying an additional 1,264 shares during the period. NewEdge Advisors LLC bought a new position in BrightView in the fourth quarter worth about $56,000. Finally, GAMMA Investing LLC lifted its holdings in BrightView by 933.1% in the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock worth $104,000 after buying an additional 7,306 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

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.