Boston Partners Has $12.96 Million Stock Position in BrightView Holdings, Inc. $BV

Key Points

• Boston Partners increased its stake in BrightView Holdings, Inc. by 74.2%, owning over 1 million shares valued at approximately $12.96 million.
• Major shareholder Kkr Group Partnership L.P. sold 11.6 million shares at an average price of $14.40, representing a 35.01% decrease in their holdings.
• BrightView reported a quarterly earnings miss, posting earnings per share of $0.30 against an expectation of $0.32, and experienced a 4.1% revenue decline compared to the previous year.

Boston Partners grew its holdings in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 74.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,148 shares of the company's stock after acquiring an additional 429,989 shares during the period. Boston Partners owned about 1.06% of BrightView worth $12,959,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of BrightView by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company's stock valued at $64,976,000 after acquiring an additional 454,756 shares in the last quarter. Cooke & Bieler LP grew its holdings in BrightView by 38.2% during the 1st quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company's stock worth $32,300,000 after acquiring an additional 695,315 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in BrightView by 2.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,132,685 shares of the company's stock worth $18,112,000 after acquiring an additional 24,328 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in BrightView by 7.4% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 953,746 shares of the company's stock worth $15,250,000 after acquiring an additional 65,632 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in BrightView by 96.5% during the 4th quarter. Millennium Management LLC now owns 944,584 shares of the company's stock worth $15,104,000 after acquiring an additional 463,983 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Stock Down 1.1%

Shares of BrightView stock traded down $0.16 on Wednesday, hitting $14.48. 163,109 shares of the company traded hands, compared to its average volume of 740,296. 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 company has a market cap of $1.37 billion, a PE ratio of 482.67 and a beta of 1.26. BrightView Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $18.89. The company has a 50-day moving average price of $15.67 and a 200 day moving average price of $14.71.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.30 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 return on equity of 8.76% and a net margin of 2.00%.The business's revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. Sell-side analysts predict that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

BV has been the subject of several recent analyst reports. Loop Capital decreased their price objective on shares of BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Robert W. Baird lowered their price objective on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 2nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.82.

Insider Buying and Selling

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 shares were sold at an average price of $14.40, for a total value 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 $310,076,971.20. The trade was a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

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.