BrightView (NYSE:BV) Downgraded by Wall Street Zen to “Hold”

BrightView (NYSE:BV) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts have also commented on BV. Robert W. Baird cut their price target on BrightView from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, July 2nd. Loop Capital cut their price target on BrightView from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BrightView has a consensus rating of “Moderate Buy” and an average price target of $17.82.

BrightView Stock Performance

Shares of BrightView stock opened at $15.20 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 506.67 and a beta of 1.26. The stock’s 50-day moving average is $15.86 and its 200-day moving average is $14.76. BrightView has a one year low of $11.81 and a one year high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.42.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm 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 8.78%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. Equities analysts predict that BrightView will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider owned 21,533,123 shares of the company’s stock, valued at $310,076,971.20. The trade was a 35.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BrightView

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC increased its position in BrightView by 832.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock worth $30,000 after buying an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of BrightView by 181.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $37,000 after acquiring an additional 1,475 shares during the period. IFP Advisors Inc boosted its holdings in shares of BrightView by 54.2% during the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares during the period. CWM LLC boosted its holdings in shares of BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company’s stock worth $44,000 after acquiring an additional 1,264 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of BrightView during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.