Natixis Advisors LLC Acquires Shares of 49,779 BrightView Holdings, Inc. (NYSE:BV)

Natixis Advisors LLC bought a new position in shares of BrightView Holdings, Inc. (NYSE:BV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,779 shares of the company’s stock, valued at approximately $662,000. Natixis Advisors LLC owned about 0.05% of BrightView as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in BrightView by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock worth $47,975,000 after acquiring an additional 185,327 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of BrightView by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,150 shares of the company’s stock valued at $9,339,000 after acquiring an additional 63,915 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of BrightView during the 2nd quarter valued at approximately $9,857,000. Kennedy Capital Management LLC acquired a new stake in shares of BrightView during the 1st quarter valued at approximately $6,673,000. Finally, Hillsdale Investment Management Inc. lifted its stake in BrightView by 8.6% during the first quarter. Hillsdale Investment Management Inc. now owns 476,000 shares of the company’s stock worth $5,664,000 after purchasing an additional 37,600 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

BV has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Morgan Stanley began coverage on BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price for the company. Robert W. Baird upgraded BrightView from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $13.00 to $17.00 in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.47.

BrightView Stock Performance

BV opened at $15.01 on Friday. BrightView Holdings, Inc. has a twelve month low of $6.58 and a twelve month high of $16.26. The stock has a market cap of $1.42 billion, a PE ratio of 75.05 and a beta of 1.29. The business’s 50 day moving average is $14.38 and its 200-day moving average is $12.88. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $738.80 million during the quarter, compared to the consensus estimate of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, analysts predict that BrightView Holdings, Inc. will post 0.66 earnings per share for the current year.

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.