BrightView (NYSE:BV) Given New $19.00 Price Target at Robert W. Baird

BrightView (NYSE:BV) had its price target cut by Robert W. Baird from $20.00 to $19.00 in a research report report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Wall Street Zen cut shares of BrightView from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BrightView has an average rating of “Moderate Buy” and an average price target of $17.27.

BrightView Trading Up 3.6%

NYSE:BV opened at $15.69 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50-day moving average of $15.71 and a 200-day moving average of $14.77. The company has a market cap of $1.50 billion, a PE ratio of -784.11 and a beta of 1.27. BrightView has a one year low of $11.81 and a one year high of $18.89.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $643.29 million. BrightView had a net margin of 1.65% and a return on equity of 8.29%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, equities research analysts expect that BrightView will post 0.73 EPS 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 dated Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares in the company, valued at $310,076,971.20. The trade was a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in BrightView by 832.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock valued at $30,000 after acquiring an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock valued at $37,000 after acquiring an additional 1,475 shares during the last quarter. CWM LLC boosted its stake in BrightView by 58.7% in the first quarter. CWM LLC now owns 3,418 shares of the company’s stock valued at $44,000 after acquiring an additional 1,264 shares during the last quarter. NewEdge Advisors LLC purchased a new position in BrightView in the fourth quarter valued at about $56,000. Finally, GAMMA Investing LLC boosted its stake in BrightView by 933.1% in the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company’s stock valued at $104,000 after acquiring an additional 7,306 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.