Pitcairn Co. acquired a new stake in shares of Servicemaster Global Holdings Inc (NYSE:SERV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,999 shares of the business services provider’s stock, valued at approximately $215,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Howe & Rusling Inc. purchased a new stake in shares of Servicemaster Global in the 1st quarter worth $34,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Servicemaster Global by 639.3% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,011 shares of the business services provider’s stock worth $54,000 after buying an additional 1,739 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Servicemaster Global by 517.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,667 shares of the business services provider’s stock worth $72,000 after buying an additional 2,235 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Servicemaster Global by 50.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,000 shares of the business services provider’s stock worth $81,000 after buying an additional 1,000 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Servicemaster Global by 126.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,400 shares of the business services provider’s stock worth $92,000 after buying an additional 1,900 shares during the period.
Several equities research analysts have weighed in on SERV shares. Royal Bank of Canada lowered their target price on Servicemaster Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price objective on Servicemaster Global from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Oppenheimer restated a “buy” rating and set a $40.00 price objective on shares of Servicemaster Global in a research note on Wednesday, June 17th. Morgan Stanley upped their price objective on Servicemaster Global from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Finally, Stifel Nicolaus decreased their price objective on Servicemaster Global from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $43.45.
Shares of NYSE:SERV opened at $40.89 on Friday. The business’s 50-day moving average is $36.37 and its 200 day moving average is $32.98. Servicemaster Global Holdings Inc has a 1 year low of $17.63 and a 1 year high of $58.78. The firm has a market capitalization of $5.39 billion, a P/E ratio of 36.84, a P/E/G ratio of 32.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.23 and a quick ratio of 2.16.
Servicemaster Global (NYSE:SERV) last announced its earnings results on Thursday, May 7th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). Servicemaster Global had a net margin of 3.51% and a return on equity of 6.58%. The business had revenue of $456.00 million for the quarter, compared to analyst estimates of $461.36 million. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts expect that Servicemaster Global Holdings Inc will post 0.78 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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