BrightView Holdings director Kurtis Barker acquires $530,044 in stock

Published 18/03/2025, 22:18
BrightView Holdings director Kurtis Barker acquires $530,044 in stock

Kurtis T. Barker, a director at BrightView Holdings , Inc. (NYSE:BV), has recently purchased 40,000 shares of the company’s common stock. The transaction, which took place on March 14, 2025, was executed at a weighted-average price of $13.2511 per share, amounting to a total investment of approximately $530,044. The purchase comes as the stock trades near $13.02, down about 17% year-to-date, suggesting potential value according to InvestingPro analysis.

The shares were acquired through multiple transactions, with prices ranging from $13.085 to $13.405 per share. Following this purchase, Barker now holds a total of 40,000 shares in the company. The transaction reflects Barker’s direct ownership of the stock, as indicated in the recent SEC filing. Notably, analysts have set price targets ranging from $13.10 to $24.00, suggesting potential upside from current levels.

BrightView Holdings, headquartered in Blue Bell, Pennsylvania, operates within the agriculture services sector, providing landscape and snow removal services across the United States. The company, with a market capitalization of $1.24 billion, maintains a healthy current ratio of 1.43 and generated $2.7 billion in revenue over the last twelve months. Get comprehensive insights and additional metrics with a InvestingPro subscription.

In other recent news, BrightView Holdings, Inc. has announced a $100 million stock buyback program authorized by its Board of Directors. This initiative, which aims to enhance shareholder value, does not have a set expiration date and allows the company to repurchase shares through various methods. Additionally, BrightView held its Annual Meeting of Stockholders, where eight directors were re-elected, and Deloitte & Touche LLP was ratified as the independent accounting firm for fiscal 2025. The stockholders also approved executive compensation and endorsed a three-year interval for advisory votes on this matter.

BTIG analyst Carl Reichardt Jr. maintained a Buy rating on BrightView with a price target of $22.00, following the company’s Analyst Day. During the event, BrightView outlined ambitious long-term goals, including achieving $4 billion in revenue and 16% EBITDA margins. The company also reported improvements in employee turnover and customer retention rates, alongside plans to rejuvenate its fleet and expand its sales force. These developments reflect BrightView’s strategic focus on growth and transformation.

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