Great West Life Assurance Co. Can grew its position in Servicemaster Global Holdings Inc (NYSE:SERV) by 16.8% in the first quarter, Holdings Channel reports. The fund owned 18,979 shares of the business services provider’s stock after buying an additional 2,723 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Servicemaster Global were worth $883,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new position in shares of Servicemaster Global in the fourth quarter valued at approximately $33,000. Avalon Advisors LLC raised its stake in shares of Servicemaster Global by 1.1% in the first quarter. Avalon Advisors LLC now owns 91,289 shares of the business services provider’s stock valued at $4,263,000 after acquiring an additional 1,029 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of Servicemaster Global in the first quarter valued at approximately $49,000. Oppenheimer Asset Management Inc. raised its stake in shares of Servicemaster Global by 7.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,404 shares of the business services provider’s stock valued at $906,000 after acquiring an additional 1,276 shares during the last quarter. Finally, K.J. Harrison & Partners Inc raised its stake in shares of Servicemaster Global by 3.7% in the first quarter. K.J. Harrison & Partners Inc now owns 38,900 shares of the business services provider’s stock valued at $1,817,000 after acquiring an additional 1,400 shares during the last quarter.
In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of Servicemaster Global stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total transaction of $131,829.36. Following the completion of the sale, the director now owns 17,398 shares of the company’s stock, valued at approximately $938,448.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew Stevenson sold 8,556 shares of Servicemaster Global stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $54.29, for a total transaction of $464,505.24. Following the sale, the insider now directly owns 10,396 shares of the company’s stock, valued at approximately $564,398.84. The disclosure for this sale can be found here. Insiders have sold a total of 64,192 shares of company stock valued at $3,430,404 in the last ninety days. Company insiders own 0.23% of the company’s stock.
Several research analysts recently weighed in on SERV shares. Bank of America cut shares of Servicemaster Global from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $45.00 to $36.00 in a research report on Wednesday, February 20th. Oppenheimer boosted their price objective on shares of Servicemaster Global from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Buckingham Research cut shares of Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Wednesday, May 8th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Servicemaster Global from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Finally, ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.89.
SERV opened at $54.35 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 1.13. Servicemaster Global Holdings Inc has a 52 week low of $34.28 and a 52 week high of $56.50. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.09 and a beta of 0.85.
Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, May 7th. The business services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The firm had revenue of $482.00 million during the quarter, compared to analyst estimates of $473.13 million. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts expect that Servicemaster Global Holdings Inc will post 1.42 EPS for the current year.
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About Servicemaster Global
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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