BrightView (NYSE:BV) Rating Lowered to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of BrightView (NYSE:BV) from a buy rating to a hold rating in a research note published on Friday morning.

BrightView Stock Up 0.9%

Shares of NYSE BV opened at $16.55 on Friday. The stock has a market cap of $1.58 billion, a P/E ratio of 91.94 and a beta of 1.26. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. BrightView has a 12-month low of $11.81 and a 12-month high of $18.89. The business’s fifty day simple moving average is $14.58 and its 200-day simple moving average is $14.92.

BrightView (NYSE:BV) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. BrightView had a return on equity of 7.86% and a net margin of 2.64%. The company had revenue of $662.60 million for the quarter, compared to analysts’ expectations of $643.29 million. During the same period last year, the firm earned $0.11 earnings per share. BrightView’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that BrightView will post 0.73 EPS for the current fiscal year.

Institutional Trading of BrightView

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of BrightView by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company’s stock worth $93,236,000 after buying an additional 59,857 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BrightView by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company’s stock worth $64,976,000 after buying an additional 454,756 shares during the last quarter. Cooke & Bieler LP grew its holdings in shares of BrightView by 38.2% during the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company’s stock worth $32,300,000 after buying an additional 695,315 shares during the last quarter. Newtyn Management LLC grew its holdings in shares of BrightView by 30.5% during the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company’s stock worth $29,532,000 after buying an additional 538,111 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in BrightView by 25.9% in the 4th quarter. Bessemer Group Inc. now owns 1,908,651 shares of the company’s stock valued at $30,520,000 after purchasing an additional 393,103 shares in the last quarter. 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.