Key Points
- BrightView director William Cornog bought 50,000 shares at $11.25 each, investing $562,500 and increasing his holdings to 70,000 shares—a 250% increase.
- BrightView’s latest quarterly results fell short of expectations, with EPS of $0.17 versus a $0.29 consensus estimate and revenue of $717.6 million versus $726.13 million expected. Revenue nevertheless rose 1.3% year over year.
- The stock opened at $10.97, below analysts’ consensus price target of $14.10; coverage is mixed, producing an overall “Hold” rating, while institutional investors own 92.41% of shares.
BrightView Holdings, Inc. (NYSE:BV - Get Free Report) Director William Cornog acquired 50,000 shares of BrightView stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the purchase, the director owned 70,000 shares in the company, valued at approximately $787,500. The trade was a 250.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
BrightView Price Performance
Shares of NYSE BV opened at $10.97 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.23. The business has a 50-day moving average of $13.46 and a 200-day moving average of $12.95. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -43.90 and a beta of 1.18. BrightView Holdings, Inc. has a fifty-two week low of $10.42 and a fifty-two week high of $15.82.
BrightView (NYSE:BV - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The company had revenue of $717.60 million for the quarter, compared to the consensus estimate of $726.13 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business's revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that BrightView Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in BrightView by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company's stock valued at $22,162,000 after buying an additional 99,103 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BrightView by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company's stock worth $62,118,000 after buying an additional 192,376 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of BrightView by 3.7% in the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company's stock valued at $59,405,000 after acquiring an additional 179,757 shares during the period. Connors Investor Services Inc. boosted its position in shares of BrightView by 37.0% in the fourth quarter. Connors Investor Services Inc. now owns 188,552 shares of the company's stock valued at $2,389,000 after acquiring an additional 50,881 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of BrightView by 42.7% in the first quarter. First Trust Advisors LP now owns 335,460 shares of the company's stock valued at $3,955,000 after acquiring an additional 100,420 shares in the last quarter. 92.41% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
BV has been the subject of several recent analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of BrightView in a report on Friday, July 31st. Robert W. Baird set a $14.00 target price on shares of BrightView in a report on Wednesday. Morgan Stanley dropped their price target on shares of BrightView from $14.00 to $12.50 and set an "equal weight" rating on the stock in a research report on Thursday. Oppenheimer initiated coverage on shares of BrightView in a research note on Wednesday, June 17th. They issued an "outperform" rating and a $17.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of BrightView from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $13.00 to $14.00 in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.10.
Get Our Latest Analysis on BrightView
About BrightView
(
Get Free Report)
BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company's core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.
BrightView's service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.
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