Cooke & Bieler LP Has $32.30 Million Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Cooke & Bieler LP increased its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 38.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,515,610 shares of the company's stock after purchasing an additional 695,315 shares during the quarter. Cooke & Bieler LP owned approximately 2.63% of BrightView worth $32,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BV. Bailard Inc. boosted its position in shares of BrightView by 82.9% in the 1st quarter. Bailard Inc. now owns 19,200 shares of the company's stock worth $247,000 after purchasing an additional 8,700 shares in the last quarter. Bleakley Financial Group LLC raised its stake in BrightView by 105.9% during the 1st quarter. Bleakley Financial Group LLC now owns 38,472 shares of the company's stock valued at $494,000 after buying an additional 19,783 shares during the last quarter. CWM LLC raised its stake in BrightView by 58.7% during the 1st 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 last quarter. Bank of New York Mellon Corp raised its stake in BrightView by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 194,841 shares of the company's stock valued at $2,502,000 after buying an additional 3,286 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of BrightView by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 51,967 shares of the company's stock worth $667,000 after purchasing an additional 1,608 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

BrightView Trading Down 0.1%

NYSE:BV traded down $0.01 on Friday, hitting $15.87. The stock had a trading volume of 635,113 shares, compared to its average volume of 626,823. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -793.10 and a beta of 1.27. The company has a fifty day moving average price of $15.94 and a two-hundred day moving average price of $14.72. BrightView Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $18.89.

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

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. This trade represents a 35.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BV. Robert W. Baird dropped their target price on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Loop Capital dropped 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. Finally, Wall Street Zen raised shares of BrightView from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BrightView presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.27.

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.