Atria Investments LLC acquired a new position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,347 shares of the business services provider’s stock, valued at approximately $365,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina boosted its position in Servicemaster Global by 40.0% during the second quarter. Treasurer of the State of North Carolina now owns 88,400 shares of the business services provider’s stock worth $4,605,000 after purchasing an additional 25,250 shares during the period. Mackenzie Financial Corp bought a new position in Servicemaster Global during the second quarter worth $418,000. BlackRock Inc. boosted its position in Servicemaster Global by 18.3% during the second quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock worth $360,913,000 after purchasing an additional 1,071,317 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in shares of Servicemaster Global by 63.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,843 shares of the business services provider’s stock worth $96,000 after buying an additional 714 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Servicemaster Global by 40.7% during the second quarter. Royal Bank of Canada now owns 12,854 shares of the business services provider’s stock worth $670,000 after buying an additional 3,718 shares in the last quarter.
A number of equities research analysts have recently weighed in on SERV shares. Zacks Investment Research raised Servicemaster Global from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Wednesday, September 18th. Royal Bank of Canada raised Servicemaster Global from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $63.00 in a report on Tuesday. Morgan Stanley lifted their target price on Servicemaster Global from $54.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday. Nomura reissued a “buy” rating and set a $62.00 target price on shares of Servicemaster Global in a report on Thursday, August 8th. Finally, Buckingham Research lifted their target price on Servicemaster Global from $53.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.00.
SERV opened at $56.90 on Friday. Servicemaster Global Holdings Inc has a fifty-two week low of $34.28 and a fifty-two week high of $58.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17. The company has a market capitalization of $7.73 billion, a P/E ratio of 59.89, a P/E/G ratio of 2.08 and a beta of 0.54. The stock has a fifty day moving average of $56.21 and a 200-day moving average of $53.22.
Servicemaster Global (NYSE:SERV) last posted its earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $549.25 million. During the same quarter last year, the firm earned $0.79 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Servicemaster Global Holdings Inc will post 1.47 earnings per share for the current fiscal year.
Servicemaster Global Company Profile
ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.
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