Dimensional Fund Advisors LP Has $41.77 Million Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Dimensional Fund Advisors LP lifted its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 28.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,140,676 shares of the company’s stock after buying an additional 695,987 shares during the period. Dimensional Fund Advisors LP’s holdings in BrightView were worth $41,772,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Innealta Capital LLC acquired a new position in shares of BrightView during the 2nd quarter worth approximately $102,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of BrightView during the 1st quarter worth approximately $155,000. Caxton Associates LP acquired a new position in shares of BrightView during the 1st quarter worth approximately $201,000. Arizona State Retirement System boosted its stake in BrightView by 48.4% in the 2nd quarter. Arizona State Retirement System now owns 17,177 shares of the company’s stock valued at $228,000 after purchasing an additional 5,601 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in BrightView by 8.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company’s stock valued at $321,000 after purchasing an additional 2,056 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Morgan Stanley initiated coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price for the company. The Goldman Sachs Group upped their price objective on BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research report on Friday, August 2nd. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. Finally, Robert W. Baird upgraded BrightView from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $13.00 to $17.00 in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.47.

BrightView Trading Up 2.0 %

Shares of BV stock opened at $15.74 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $14.96 and a two-hundred day moving average price of $13.44. BrightView Holdings, Inc. has a 12-month low of $6.58 and a 12-month high of $16.26. The firm has a market cap of $1.49 billion, a P/E ratio of 78.70 and a beta of 1.29.

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

BrightView 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.