BrightView (NYSE:BV) Lifted to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of BrightView (NYSE:BV) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. Robert W. Baird currently has $17.00 target price on the stock, up from their prior target price of $13.00.

Several other analysts have also commented on the stock. The Goldman Sachs Group reissued a sell rating and set a $10.00 target price (up from $8.00) on shares of BrightView in a research note on Thursday, April 4th. Loop Capital initiated coverage on shares of BrightView in a research note on Monday. They set a buy rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $13.80.

BrightView Trading Up 7.3 %

BrightView stock opened at $15.44 on Tuesday. BrightView has a 12-month low of $6.58 and a 12-month high of $15.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $1.46 billion, a PE ratio of 77.20 and a beta of 1.30. The firm has a 50 day simple moving average of $13.57 and a 200-day simple moving average of $11.54.

BrightView (NYSE:BV) last announced its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $683.80 million. BrightView had a return on equity of 5.78% and a net margin of 1.80%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. As a group, equities research analysts expect that BrightView will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BrightView by 59.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after buying an additional 2,726 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of BrightView in the 4th quarter worth approximately $91,000. Teacher Retirement System of Texas bought a new stake in shares of BrightView during the fourth quarter valued at approximately $92,000. Aigen Investment Management LP acquired a new position in shares of BrightView in the fourth quarter valued at $94,000. Finally, Tower Research Capital LLC TRC increased its holdings in BrightView by 977.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company’s stock valued at $98,000 after buying an additional 10,509 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Company Profile

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.