Nuveen LLC Makes New Investment in BrightView Holdings, Inc. $BV

Key Points

• Nuveen LLC has made a new investment in BrightView Holdings, Inc., purchasing 350,472 shares valued at approximately $4.5 million, representing 0.37% of the company's stock.
• Major shareholder Kkr Group Partnership L.P. sold 11.6 million shares for approximately $167 million, resulting in a significant decrease in their stake in the company.
• BrightView recently reported quarterly earnings with an EPS of $0.30, missing expectations, and a revenue of $708.3 million, which was below analysts' forecasts of $763.4 million.

Nuveen LLC bought a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 350,472 shares of the company's stock, valued at approximately $4,500,000. Nuveen LLC owned 0.37% of BrightView as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BV. Wells Fargo & Company MN grew its holdings in BrightView by 15.9% during the 4th quarter. Wells Fargo & Company MN now owns 40,636 shares of the company's stock worth $650,000 after acquiring an additional 5,566 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of BrightView by 5.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company's stock worth $383,000 after purchasing an additional 1,240 shares in the last quarter. Barclays PLC boosted its position in shares of BrightView by 7.9% during the fourth quarter. Barclays PLC now owns 120,836 shares of the company's stock worth $1,933,000 after purchasing an additional 8,867 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of BrightView during the fourth quarter worth $56,000. Finally, First Trust Advisors LP bought a new position in shares of BrightView during the fourth quarter worth $3,388,000. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Stock Down 1.3%

BV traded down $0.19 during trading on Friday, hitting $14.37. The company had a trading volume of 722,249 shares, compared to its average volume of 973,005. The company has a market capitalization of $1.36 billion, a PE ratio of 478.83 and a beta of 1.26. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89. The firm's 50-day moving average price is $15.50 and its 200 day moving average price is $14.68. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62.

BrightView (NYSE:BV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $708.30 million during the quarter, compared to the consensus estimate of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. The company's revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. As a group, equities analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction 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 sale, the insider directly owned 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Amanda Marie Orders sold 70,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the completion of the sale, the executive vice president directly owned 38,446 shares in the company, valued at $568,231.88. This represents a 64.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BV shares. Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird decreased their target price on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, July 2nd. Finally, Loop Capital decreased their target price on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.98.

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.