BlackRock Inc. boosted its position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,044,048 shares of the business services provider’s stock after purchasing an additional 345,133 shares during the quarter. BlackRock Inc. owned about 4.46% of Servicemaster Global worth $359,440,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Servicemaster Global during the 1st quarter worth $121,000. Ostrum Asset Management purchased a new position in Servicemaster Global during the 1st quarter worth $178,000. Raymond James Trust N.A. purchased a new position in Servicemaster Global during the 2nd quarter worth $230,000. Gideon Capital Advisors Inc. purchased a new position in Servicemaster Global during the 2nd quarter worth $234,000. Finally, Guggenheim Capital LLC purchased a new position in Servicemaster Global during the 1st quarter worth $214,000.
SERV has been the topic of several research reports. William Blair restated a “buy” rating on shares of Servicemaster Global in a report on Tuesday. Zacks Investment Research downgraded Servicemaster Global from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. Morgan Stanley cut their price target on Servicemaster Global from $64.00 to $62.00 and set a “$57.21” rating on the stock in a report on Wednesday, July 18th. Stifel Nicolaus started coverage on Servicemaster Global in a report on Monday, July 23rd. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Gabelli started coverage on Servicemaster Global in a report on Thursday, July 12th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $58.10.
Shares of NYSE:SERV opened at $59.30 on Friday. Servicemaster Global Holdings Inc has a 12-month low of $43.75 and a 12-month high of $62.27. The firm has a market capitalization of $7.88 billion, a PE ratio of 28.10, a P/E/G ratio of 2.03 and a beta of 0.92. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.99.
Servicemaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, July 17th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.05). Servicemaster Global had a net margin of 17.33% and a return on equity of 27.27%. The company had revenue of $874.00 million during the quarter, compared to analysts’ expectations of $860.00 million. equities research analysts forecast that Servicemaster Global Holdings Inc will post 2.41 EPS for the current year.
Servicemaster Global Company Profile
ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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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