BrightView Holdings, Inc. $BV Stake Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 106.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 872,968 shares of the company’s stock after purchasing an additional 450,831 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in BrightView were worth $11,061,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Creative Planning grew its holdings in shares of BrightView by 3.9% during the second quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after purchasing an additional 858 shares during the last quarter. Redmond Asset Management LLC grew its holdings in shares of BrightView by 0.5% during the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock valued at $2,311,000 after purchasing an additional 871 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in shares of BrightView by 2.0% during the third quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock valued at $935,000 after purchasing an additional 1,355 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of BrightView by 1.9% during the third quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock valued at $1,262,000 after purchasing an additional 1,733 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of BrightView by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 32,709 shares of the company’s stock valued at $545,000 after purchasing an additional 1,937 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

BrightView Stock Performance

Shares of NYSE BV opened at $12.53 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $12.11 and a 200-day simple moving average of $12.64. The company has a market cap of $1.17 billion, a PE ratio of -178.93 and a beta of 1.20. BrightView Holdings, Inc. has a 12-month low of $11.06 and a 12-month high of $17.10.

BrightView (NYSE:BV) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $702.90 million during the quarter, compared to the consensus estimate of $638.80 million. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that BrightView Holdings, Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BV shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Monday, May 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $11.10 price objective on shares of BrightView in a research report on Monday, February 9th. Morgan Stanley boosted their price objective on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $13.00 to $14.00 in a research report on Thursday, May 7th. Finally, BTIG Research reiterated a “buy” rating and set a $16.00 price objective on shares of BrightView in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.02.

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.