Dimensional Fund Advisors LP Buys 192,376 Shares of BrightView Holdings, Inc. $BV

Key Points

• Dimensional Fund Advisors increased its BrightView stake by 3.8%, acquiring 192,376 shares and bringing its holdings to 5.27 million shares, or about 5.59% of the company. Institutional investors collectively own 92.41% of BrightView.
• BrightView reported quarterly EPS of $0.09, exceeding the $0.08 consensus estimate, while revenue rose 6.1% year over year to $702.9 million. Analysts expect full-year EPS of approximately $0.56.
• Analyst sentiment remains mixed, with ratings ranging from strong sell to strong buy; the stock has a consensus rating of Hold and an average price target of $14.52, compared with a recent price of $13.06.

Dimensional Fund Advisors LP boosted its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,268,756 shares of the company's stock after purchasing an additional 192,376 shares during the period. Dimensional Fund Advisors LP owned about 5.59% of BrightView worth $62,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of BrightView by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company's stock worth $22,162,000 after purchasing an additional 99,103 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in BrightView by 25.6% during the 1st quarter. Bleakley Financial Group LLC now owns 130,041 shares of the company's stock valued at $1,533,000 after buying an additional 26,464 shares during the last quarter. Inspire Investing LLC raised its holdings in BrightView by 17.8% during the 1st quarter. Inspire Investing LLC now owns 43,556 shares of the company's stock valued at $514,000 after buying an additional 6,583 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in BrightView during the 1st quarter valued at $145,000. Finally, Hsbc Holdings PLC purchased a new stake in BrightView during the 4th quarter valued at $190,000. Institutional investors own 92.41% of the company's stock.

BrightView Stock Performance

NYSE:BV opened at $13.06 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.66. The firm's fifty day simple moving average is $13.52 and its 200 day simple moving average is $12.98. The stock has a market cap of $1.22 billion, a P/E ratio of -186.57 and a beta of 1.17. BrightView Holdings, Inc. has a twelve month low of $11.06 and a twelve month high of $16.39.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The business had revenue of $702.90 million during the quarter, compared to analyst estimates of $638.80 million. During the same period in the prior year, the business earned $0.14 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts predict that BrightView Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BV shares. Weiss Ratings restated a "sell (d+)" rating on shares of BrightView in a research report on Monday, May 4th. Oppenheimer began coverage on shares of BrightView in a report on Wednesday, June 17th. They set an "outperform" rating and a $17.00 target price for the company. Zacks Research cut BrightView from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upgraded BrightView from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $13.00 to $14.00 in a report on Thursday, May 7th. Finally, BTIG Research restated a "buy" rating and set a $16.00 price target on shares of BrightView in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.52.

BrightView Profile

BrightView Inc NYSE: BV is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company's core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView's service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.

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