UBS Asset Management Americas Inc. grew its holdings in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 238,667 shares of the business services provider’s stock after buying an additional 44,970 shares during the period. UBS Asset Management Americas Inc. owned 0.18% of Servicemaster Global worth $12,236,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cerebellum GP LLC bought a new position in shares of Servicemaster Global during the 4th quarter worth about $131,000. Advisory Services Network LLC bought a new stake in Servicemaster Global in the fourth quarter valued at about $153,000. The Manufacturers Life Insurance Company increased its stake in Servicemaster Global by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 708 shares during the period. CIBC Asset Management Inc bought a new stake in Servicemaster Global in the third quarter valued at about $206,000. Finally, M&T Bank Corp acquired a new position in Servicemaster Global in the fourth quarter valued at about $214,000.
In other Servicemaster Global news, insider Marvin Davis sold 4,743 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $49.57, for a total transaction of $235,110.51. Following the sale, the insider now directly owns 7,959 shares of the company’s stock, valued at $394,527.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James T. Lucke sold 16,737 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $51.70, for a total transaction of $865,302.90. Following the completion of the sale, the senior vice president now directly owns 5,691 shares in the company, valued at $294,224.70. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on SERV. Zacks Investment Research upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Saturday, March 3rd. ValuEngine raised shares of Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Morgan Stanley lowered their price objective on shares of Servicemaster Global from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Nomura decreased their target price on shares of Servicemaster Global from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Instinet upgraded shares of Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $53.08.
Shares of Servicemaster Global Holdings Inc (NYSE SERV) traded down $0.23 during midday trading on Wednesday, hitting $50.64. 391,859 shares of the stock were exchanged, compared to its average volume of 659,477. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.26. Servicemaster Global Holdings Inc has a 1 year low of $36.34 and a 1 year high of $55.36. The firm has a market cap of $6,979.80, a P/E ratio of 24.45 and a beta of 0.95.
Servicemaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Servicemaster Global had a net margin of 17.51% and a return on equity of 33.21%. The business had revenue of $666.00 million during the quarter, compared to analyst estimates of $665.27 million. During the same quarter in the previous year, the business posted $0.44 EPS. Servicemaster Global’s quarterly revenue was up 5.2% on a year-over-year basis. sell-side analysts expect that Servicemaster Global Holdings Inc will post 2.57 earnings per share for the current year.
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Servicemaster Global Company Profile
ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
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