Russell Investments Group Ltd. boosted its holdings in Servicemaster Global Holdings Inc (NYSE:SERV) by 28.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,089 shares of the business services provider’s stock after purchasing an additional 31,379 shares during the quarter. Russell Investments Group Ltd.’s holdings in Servicemaster Global were worth $7,460,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Teza Capital Management LLC bought a new position in Servicemaster Global in the 2nd quarter worth approximately $390,000. Landscape Capital Management L.L.C. boosted its stake in Servicemaster Global by 11.3% in the 2nd quarter. Landscape Capital Management L.L.C. now owns 117,423 shares of the business services provider’s stock worth $6,117,000 after purchasing an additional 11,908 shares during the period. Allianz Asset Management GmbH boosted its stake in Servicemaster Global by 1.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 145,980 shares of the business services provider’s stock worth $7,604,000 after purchasing an additional 1,870 shares during the period. Acadian Asset Management LLC boosted its stake in Servicemaster Global by 360.1% in the 2nd quarter. Acadian Asset Management LLC now owns 108,273 shares of the business services provider’s stock worth $5,640,000 after purchasing an additional 84,743 shares during the period. Finally, Carillon Tower Advisers Inc. boosted its stake in Servicemaster Global by 6.7% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 872,648 shares of the business services provider’s stock worth $45,456,000 after purchasing an additional 54,878 shares during the period.
SERV has been the subject of a number of research reports. ValuEngine upgraded Servicemaster Global from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research upgraded Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Nomura reiterated a “buy” rating and set a $62.00 target price on shares of Servicemaster Global in a research report on Thursday, August 8th. Buckingham Research increased their target price on Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. They noted that the move was a valuation call. Finally, Morgan Stanley increased their target price on Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $49.78.
Shares of NYSE SERV traded up $0.98 during midday trading on Thursday, reaching $56.60. 15,022 shares of the stock traded hands, compared to its average volume of 802,371. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.17 and a quick ratio of 1.09. The stock has a market capitalization of $7.59 billion, a PE ratio of 59.45, a P/E/G ratio of 2.11 and a beta of 0.56. Servicemaster Global Holdings Inc has a one year low of $34.28 and a one year high of $58.78. The company’s 50 day moving average is $55.80 and its 200 day moving average is $51.83.
Servicemaster Global (NYSE:SERV) last posted its earnings results on Tuesday, August 6th. The business services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $560.00 million during the quarter, compared to the consensus estimate of $549.25 million. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. As a group, equities analysts forecast that Servicemaster Global Holdings Inc will post 1.45 EPS for the current 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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