Riverhead Capital Management LLC boosted its position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 123.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,448 shares of the business services provider’s stock after acquiring an additional 9,643 shares during the period. Riverhead Capital Management LLC’s holdings in Servicemaster Global were worth $909,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Servicemaster Global by 0.7% in the first quarter. BlackRock Inc. now owns 5,857,326 shares of the business services provider’s stock worth $273,537,000 after acquiring an additional 38,654 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Servicemaster Global by 110.3% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,565,982 shares of the business services provider’s stock worth $119,831,000 after purchasing an additional 1,345,791 shares in the last quarter. FMR LLC boosted its stake in Servicemaster Global by 19.9% in the 1st quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock worth $115,380,000 after purchasing an additional 409,942 shares during the period. Geode Capital Management LLC boosted its stake in Servicemaster Global by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 1,248,319 shares of the business services provider’s stock worth $45,863,000 after purchasing an additional 65,869 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in Servicemaster Global by 4.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,133,206 shares of the business services provider’s stock valued at $59,028,000 after buying an additional 48,121 shares in the last quarter.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. ValuEngine upgraded shares of Servicemaster Global from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Buckingham Research raised their target price on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. They noted that the move was a valuation call. Nomura reaffirmed a “buy” rating and set a $62.00 target price on shares of Servicemaster Global in a research note on Thursday, August 8th. Finally, Morgan Stanley lifted their price target on shares of Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.78.
NYSE SERV traded up $0.39 during trading on Wednesday, hitting $55.25. 11,522 shares of the stock traded hands, compared to its average volume of 445,684. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.59. Servicemaster Global Holdings Inc has a 12-month low of $34.28 and a 12-month high of $58.78. The firm has a 50-day simple moving average of $55.76 and a 200-day simple moving average of $51.75. The company has a market capitalization of $7.59 billion, a P/E ratio of 58.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.56.
Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The business had revenue of $560.00 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, research analysts predict that Servicemaster Global Holdings Inc will post 1.45 EPS for the current fiscal year.
Servicemaster Global 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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