BrightView Holdings, Inc. (NYSE:BV - Get Free Report) EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the transaction, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. This trade represents a 22.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
BrightView Stock Up 1.0 %
Shares of BrightView stock opened at $15.79 on Wednesday. The business's 50 day simple moving average is $16.27 and its 200 day simple moving average is $14.76. BrightView Holdings, Inc. has a 52-week low of $7.20 and a 52-week high of $18.89. The firm has a market cap of $1.50 billion, a PE ratio of 143.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44.
BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The business had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. BrightView's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. On average, analysts predict that BrightView Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.
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BV has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on BrightView from $11.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, August 2nd. Jefferies Financial Group upgraded BrightView from a "hold" rating to a "buy" rating and upped their price target for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. William Blair upgraded BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. Baird R W raised BrightView from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 30th. Finally, Robert W. Baird increased their price objective on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.41.
View Our Latest Research Report on BrightView
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BV. Sei Investments Co. increased its position in shares of BrightView by 6.1% during the 1st quarter. Sei Investments Co. now owns 238,834 shares of the company's stock worth $2,842,000 after purchasing an additional 13,756 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of BrightView by 173.7% during the 1st quarter. Russell Investments Group Ltd. now owns 29,563 shares of the company's stock worth $352,000 after acquiring an additional 18,763 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of BrightView by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company's stock worth $47,975,000 after acquiring an additional 185,327 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of BrightView by 25.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,546 shares of the company's stock worth $471,000 after acquiring an additional 7,962 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of BrightView by 8.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company's stock worth $321,000 after acquiring an additional 2,056 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.
BrightView Company Profile
(
Get Free Report)
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.
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