BrightView (NYSE:BV) Sees Strong Trading Volume – Should You Buy?

BrightView Holdings, Inc. (NYSE:BV) saw unusually-high trading volume on Wednesday . Approximately 773,787 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 484,020 shares.The stock last traded at $12.78 and had previously closed at $13.80.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BV shares. Morgan Stanley boosted their price objective on BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. The Goldman Sachs Group decreased their price target on shares of BrightView from $13.50 to $10.50 and set a “sell” rating on the stock in a research note on Thursday, November 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.70.

BrightView Stock Down 7.3%

The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.20 billion, a PE ratio of 316.98 and a beta of 1.28. The business has a fifty day moving average of $12.94 and a 200 day moving average of $13.49.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $614.70 million during the quarter, compared to analyst estimates of $589.91 million. BrightView had a net margin of 2.10% and a return on equity of 8.43%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share. Equities research analysts anticipate that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling at BrightView

In other news, Director William L. Cornog acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $12.84 per share, with a total value of $128,400.00. Following the completion of the acquisition, the director owned 30,000 shares of the company’s stock, valued at $385,200. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the sale, the executive vice president owned 142,958 shares of the company’s stock, valued at approximately $1,804,129.96. This represents a 19.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of BrightView by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,921,321 shares of the company’s stock valued at $65,944,000 after buying an additional 114,602 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in BrightView by 6.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 4,858,860 shares of the company’s stock valued at $61,562,000 after acquiring an additional 300,982 shares during the last quarter. Cooke & Bieler LP increased its holdings in BrightView by 40.9% during the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after acquiring an additional 1,035,820 shares in the last quarter. Harvey Partners LLC raised its position in BrightView by 5.0% during the third quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock worth $39,517,000 after acquiring an additional 141,000 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in BrightView by 52.4% during the second quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock worth $40,362,000 after acquiring an additional 833,469 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.