Treasurer of the State of North Carolina increased its position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 40.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 88,400 shares of the business services provider’s stock after purchasing an additional 25,250 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Servicemaster Global were worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in SERV. BlackRock Inc. increased its stake in Servicemaster Global by 18.3% during the 2nd quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock worth $360,913,000 after acquiring an additional 1,071,317 shares during the period. Morgan Stanley increased its stake in Servicemaster Global by 17.9% during the 2nd quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock worth $272,899,000 after acquiring an additional 795,651 shares during the period. FMR LLC increased its stake in Servicemaster Global by 19.9% during the 1st quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock worth $115,380,000 after acquiring an additional 409,942 shares during the period. Pictet Asset Management Ltd. increased its stake in Servicemaster Global by 17.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,134,976 shares of the business services provider’s stock worth $59,121,000 after acquiring an additional 169,670 shares during the period. Finally, Eagle Asset Management Inc. increased its stake 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 worth $59,028,000 after acquiring an additional 48,121 shares during the period.
Shares of SERV opened at $55.45 on Monday. Servicemaster Global Holdings Inc has a 52-week low of $34.28 and a 52-week high of $58.78. The business’s fifty day moving average is $56.41 and its 200-day moving average is $52.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 58.37, a PEG ratio of 2.04 and a beta of 0.54.
Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $549.25 million. During the same quarter last year, the company posted $0.79 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts forecast that Servicemaster Global Holdings Inc will post 1.47 EPS for the current fiscal year.
SERV has been the topic of a number of recent research reports. Buckingham Research raised their price objective on Servicemaster Global from $53.00 to $61.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. They noted that the move was a valuation call. Nomura restated a “buy” rating and set a $62.00 price objective on shares of Servicemaster Global in a research note on Thursday, August 8th. Zacks Investment Research upgraded Servicemaster Global from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, September 18th. ValuEngine lowered Servicemaster Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley raised their price objective on Servicemaster Global from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Servicemaster Global has an average rating of “Hold” and a consensus price target of $52.50.
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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