Rice Hall James & Associates LLC Buys 45,793 Shares of BrightView Holdings, Inc. (NYSE:BV)

Rice Hall James & Associates LLC increased its stake in BrightView Holdings, Inc. (NYSE:BV) by 24.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 231,835 shares of the company’s stock after buying an additional 45,793 shares during the period. Rice Hall James & Associates LLC’s holdings in BrightView were worth $3,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of BrightView by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after purchasing an additional 185,327 shares during the period. Dimensional Fund Advisors LP increased its holdings in BrightView by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after buying an additional 695,987 shares during the last quarter. Driehaus Capital Management LLC bought a new position in BrightView in the second quarter worth approximately $13,086,000. Allspring Global Investments Holdings LLC purchased a new position in shares of BrightView during the 2nd quarter worth $9,857,000. Finally, Kennedy Capital Management LLC bought a new stake in shares of BrightView during the 1st quarter valued at $6,673,000. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BV. Morgan Stanley started coverage on BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 target price on the stock. Robert W. Baird raised BrightView from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $13.00 to $17.00 in a research note on Tuesday, July 30th. The Goldman Sachs Group increased their target price on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a report on Friday, August 2nd. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, BrightView presently has an average rating of “Moderate Buy” and an average target price of $15.47.

BrightView Trading Up 1.8 %

BV stock opened at $16.67 on Friday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 138.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45. BrightView Holdings, Inc. has a 1-year low of $6.78 and a 1-year high of $17.49. The business has a 50 day simple moving average of $15.83 and a two-hundred day simple moving average of $14.22.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $738.80 million during the quarter, compared to analyst estimates of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. BrightView’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Research analysts anticipate that BrightView Holdings, Inc. will post 0.66 EPS for the current fiscal year.

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.