BrightView Holdings, Inc. (NYSE:BV) Shares Acquired by State Street Corp

State Street Corp grew its holdings in BrightView Holdings, Inc. (NYSE:BV) by 17.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,211,909 shares of the company’s stock after acquiring an additional 177,105 shares during the quarter. State Street Corp’s holdings in BrightView were worth $19,075,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of BrightView by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 218,111 shares of the company’s stock valued at $2,901,000 after acquiring an additional 30,042 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in BrightView in the 2nd quarter valued at $9,857,000. Innealta Capital LLC acquired a new stake in BrightView during the 2nd quarter worth $102,000. Natixis Advisors LLC purchased a new stake in shares of BrightView during the second quarter worth $662,000. Finally, Rhumbline Advisers raised its position in shares of BrightView by 5.4% in the second quarter. Rhumbline Advisers now owns 74,280 shares of the company’s stock valued at $988,000 after buying an additional 3,835 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Stock Down 0.4 %

Shares of BV opened at $15.91 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.51 billion, a P/E ratio of 144.65 and a beta of 1.30. The company’s 50-day moving average price is $16.85 and its 200 day moving average price is $15.32. BrightView Holdings, Inc. has a 12-month low of $7.75 and a 12-month high of $18.89.

BrightView (NYSE:BV) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same period in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that BrightView Holdings, Inc. will post 0.75 earnings per share for the current year.

Insider Transactions at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $16.06, for a total transaction of $476,307.48. Following the sale, the executive vice president now owns 100,354 shares of the company’s stock, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BV shares. Morgan Stanley upped their price objective on shares of BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Robert W. Baird boosted 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. The Goldman Sachs Group raised their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday, November 15th. Finally, Loop Capital boosted their price target on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.11.

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.