Palisade Capital Management LP purchased a new stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 366,435 shares of the company's stock, valued at approximately $5,192,000. Palisade Capital Management LP owned approximately 0.39% of BrightView at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of BrightView in the 2nd quarter valued at about $80,091,000. Dimensional Fund Advisors LP raised its stake in BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company's stock worth $62,118,000 after buying an additional 192,376 shares during the period. Van Berkom & Associates Inc. boosted its holdings in BrightView by 3.7% in the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company's stock worth $59,405,000 after acquiring an additional 179,757 shares in the last quarter. Cooke & Bieler LP boosted its holdings in BrightView by 2.3% in the fourth quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company's stock worth $46,226,000 after acquiring an additional 80,446 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in BrightView by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company's stock valued at $22,162,000 after acquiring an additional 99,103 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.
Insider Activity
In other news, Director William L. Cornog bought 50,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the acquisition, the director directly owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.
BrightView Stock Performance
Shares of BrightView stock opened at $11.16 on Wednesday. BrightView Holdings, Inc. has a 52 week low of $10.42 and a 52 week high of $15.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $13.17 and a 200-day moving average price of $12.77. The company has a market cap of $1.04 billion, a PE ratio of -44.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18.
BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company had revenue of $717.60 million for the quarter, compared to analysts' expectations of $726.13 million. During the same period in the previous year, the firm earned $0.30 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that BrightView Holdings, Inc. will post 0.4 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. BTIG Research reaffirmed a "buy" rating and set a $16.00 target price on shares of BrightView in a research report on Monday, May 11th. Oppenheimer assumed coverage on shares of BrightView in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $17.00 price target for the company. Weiss Ratings restated a "sell (d+)" rating on shares of BrightView in a research note on Friday, July 31st. Robert W. Baird set a $14.00 price objective on shares of BrightView in a report on Wednesday, August 5th. Finally, Morgan Stanley dropped their price objective on shares of BrightView from $14.00 to $12.50 and set an "equal weight" rating on the stock in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $14.10.
Read Our Latest Report on BV
BrightView Company Profile
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider BrightView, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BrightView wasn't on the list.
While BrightView currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
