Federated Hermes Inc. Sells 165,540 Shares of BrightView Holdings, Inc. (NYSE:BV)

Federated Hermes Inc. lessened its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 357,922 shares of the company's stock after selling 165,540 shares during the quarter. Federated Hermes Inc. owned 0.38% of BrightView worth $3,014,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BV. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BrightView by 59.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company's stock worth $61,000 after acquiring an additional 2,726 shares in the last quarter. Mackenzie Financial Corp grew its position in BrightView by 17.1% in the fourth quarter. Mackenzie Financial Corp now owns 28,176 shares of the company's stock worth $237,000 after acquiring an additional 4,124 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its position in BrightView by 10.3% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 804,280 shares of the company's stock worth $6,772,000 after acquiring an additional 75,196 shares in the last quarter. SG Americas Securities LLC grew its position in BrightView by 24.5% in the fourth quarter. SG Americas Securities LLC now owns 23,463 shares of the company's stock worth $198,000 after acquiring an additional 4,624 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in BrightView by 0.3% in the third quarter. Vanguard Group Inc. now owns 4,016,470 shares of the company's stock worth $31,128,000 after acquiring an additional 13,768 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Stock Performance

Shares of NYSE BV traded up $0.09 during trading hours on Friday, hitting $11.28. 718,144 shares of the stock were exchanged, compared to its average volume of 860,617. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.64 and a quick ratio of 1.64. BrightView Holdings, Inc. has a one year low of $5.16 and a one year high of $12.35. The company's 50 day moving average is $10.52 and its 200 day moving average is $8.85. The firm has a market capitalization of $1.06 billion, a P/E ratio of -56.40 and a beta of 1.23.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. The company had revenue of $626.70 million during the quarter, compared to the consensus estimate of $651.07 million. On average, research analysts expect that BrightView Holdings, Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

BV has been the subject of several recent analyst reports. Craig Hallum initiated coverage on shares of BrightView in a report on Monday, March 4th. They set a "buy" rating and a $15.00 price objective for the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $9.00 price objective on shares of BrightView in a report on Monday, March 4th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $10.00 price objective (up from $8.00) on shares of BrightView in a report on Thursday, April 4th.

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.