Boston Partners Increases Stake in BrightView Holdings, Inc. (NYSE:BV)

Boston Partners raised its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 514.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 579,159 shares of the company’s stock after buying an additional 484,928 shares during the quarter. Boston Partners’ holdings in BrightView were worth $9,260,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BV. Millburn Ridgefield Corp acquired a new position in BrightView during the third quarter worth $45,000. New York State Teachers Retirement System boosted its position in shares of BrightView by 32.1% during the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock valued at $85,000 after acquiring an additional 1,293 shares during the last quarter. FMR LLC grew its holdings in shares of BrightView by 293.4% in the third quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares during the period. Quest Partners LLC acquired a new stake in BrightView during the third quarter worth about $153,000. Finally, XTX Topco Ltd purchased a new position in BrightView during the third quarter worth about $184,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Stock Down 0.9 %

Shares of NYSE BV opened at $13.39 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $14.39 and its two-hundred day moving average is $15.63. BrightView Holdings, Inc. has a 52-week low of $10.69 and a 52-week high of $18.89. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 74.36 and a beta of 1.32.

Analysts Set New Price Targets

BV has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BTIG Research started coverage on BrightView in a research report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.41.

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.