Bessemer Group Inc. Boosts Stake in BrightView Holdings, Inc. $BV

Bessemer Group Inc. grew its position in BrightView Holdings, Inc. (NYSE:BV) by 52.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,424,001 shares of the company’s stock after buying an additional 833,469 shares during the quarter. Bessemer Group Inc. owned 2.54% of BrightView worth $40,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of BrightView by 11.1% in the first quarter. HighTower Advisors LLC now owns 188,127 shares of the company’s stock valued at $2,416,000 after buying an additional 18,857 shares in the last quarter. Nuveen LLC acquired a new stake in shares of BrightView in the first quarter valued at $4,500,000. Principal Financial Group Inc. grew its stake in shares of BrightView by 3.2% in the first quarter. Principal Financial Group Inc. now owns 51,967 shares of the company’s stock valued at $667,000 after buying an additional 1,608 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of BrightView in the first quarter valued at $208,000. Finally, Punch & Associates Investment Management Inc. grew its stake in shares of BrightView by 2.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,086,366 shares of the company’s stock valued at $13,949,000 after buying an additional 21,010 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Amanda Marie Orders sold 70,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the completion of the transaction, the executive vice president directly owned 38,446 shares of the company’s stock, valued at approximately $568,231.88. This represents a 64.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

BrightView Trading Down 1.1%

NYSE:BV opened at $13.14 on Tuesday. The stock has a 50-day simple moving average of $13.69 and a 200-day simple moving average of $14.78. The stock has a market cap of $1.25 billion, a P/E ratio of 437.83 and a beta of 1.26. BrightView Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $708.30 million for the quarter, compared to analyst estimates of $763.43 million. BrightView had a return on equity of 8.76% and a net margin of 2.00%.The company’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 earnings per share. As a group, analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BV has been the subject of a number of research reports. Zacks Research cut BrightView from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Loop Capital dropped their price objective on BrightView from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, July 3rd. Wall Street Zen cut BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, October 8th. Finally, Robert W. Baird lowered their target price on BrightView from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, BrightView currently has a consensus rating of “Hold” and an average target price of $17.98.

BrightView 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.