Northwestern Mutual Wealth Management Co. Purchases Shares of 421,769 BrightView Holdings, Inc. $BV

Northwestern Mutual Wealth Management Co. purchased a new position in shares of BrightView Holdings, Inc. (NYSE:BV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 421,769 shares of the company’s stock, valued at approximately $5,976,000. Northwestern Mutual Wealth Management Co. owned approximately 0.45% of BrightView as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BV. ProShare Advisors LLC lifted its position in shares of BrightView by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock valued at $166,000 after acquiring an additional 848 shares during the period. Creative Planning increased its stake in BrightView by 3.9% in 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 in the last quarter. Redmond Asset Management LLC increased its stake in BrightView by 0.7% in the fourth quarter. Redmond Asset Management LLC now owns 173,716 shares of the company’s stock valued at $2,201,000 after purchasing an additional 1,238 shares in the last quarter. Swiss National Bank increased its stake in BrightView by 1.3% in the fourth quarter. Swiss National Bank now owns 140,400 shares of the company’s stock valued at $1,779,000 after purchasing an additional 1,800 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised 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 period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BV. Oppenheimer assumed coverage on shares of BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of BrightView in a research report on Monday, May 11th. Robert W. Baird set a $14.00 price target on BrightView in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $13.00 to $14.00 in a report on Thursday, May 7th. Finally, Wall Street Zen cut BrightView from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, BrightView has an average rating of “Hold” and an average target price of $14.10.

BrightView Stock Performance

BV opened at $11.31 on Monday. BrightView Holdings, Inc. has a 1-year low of $10.42 and a 1-year high of $15.25. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -45.24, a PEG ratio of 1.87 and a beta of 1.18. The company’s fifty day moving average price is $13.24 and its two-hundred day moving average price is $12.80. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The business had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. On average, analysts expect that BrightView Holdings, Inc. will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William L. Cornog purchased 50,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the purchase, the director owned 70,000 shares of the company’s stock, valued at approximately $787,500. This trade represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

BrightView Company Profile

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.