Comerica Bank Boosts Position in Servicemaster Global Holdings Inc (SERV)

Comerica Bank boosted its stake in Servicemaster Global Holdings Inc (NYSE:SERV) by 415.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,657 shares of the business services provider’s stock after purchasing an additional 20,679 shares during the period. Comerica Bank’s holdings in Servicemaster Global were worth $1,108,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SERV. Standard Life Aberdeen plc acquired a new stake in Servicemaster Global in the 2nd quarter valued at approximately $49,603,000. Davidson Kempner Capital Management LP increased its holdings in Servicemaster Global by 67.9% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,175,000 shares of the business services provider’s stock valued at $69,877,000 after purchasing an additional 475,000 shares during the last quarter. BlackRock Inc. increased its holdings in Servicemaster Global by 6.1% in the 2nd quarter. BlackRock Inc. now owns 6,044,048 shares of the business services provider’s stock valued at $359,440,000 after purchasing an additional 345,133 shares during the last quarter. Chilton Investment Co. LLC increased its holdings in Servicemaster Global by 852.7% in the 2nd quarter. Chilton Investment Co. LLC now owns 367,400 shares of the business services provider’s stock valued at $21,849,000 after purchasing an additional 328,837 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Servicemaster Global by 41.6% in the second quarter. Morgan Stanley now owns 988,294 shares of the business services provider’s stock worth $58,773,000 after acquiring an additional 290,523 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

SERV has been the subject of several research reports. Zacks Investment Research downgraded shares of Servicemaster Global from a “hold” rating to a “strong sell” rating in a research note on Friday, August 10th. William Blair restated a “buy” rating on shares of Servicemaster Global in a research note on Tuesday, September 11th. Morgan Stanley set a $61.00 price target on shares of Servicemaster Global and gave the stock a “buy” rating in a research note on Thursday, September 13th. Buckingham Research set a $47.00 price target on shares of Servicemaster Global and gave the stock a “buy” rating in a research note on Thursday, September 13th. Finally, ValuEngine downgraded shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.00.

In other news, insider Matthew Stevenson sold 2,562 shares of Servicemaster Global stock in a transaction on Friday, November 30th. The shares were sold at an average price of $44.20, for a total transaction of $113,240.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

NYSE:SERV opened at $41.22 on Friday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. Servicemaster Global Holdings Inc has a 52 week low of $32.89 and a 52 week high of $45.64. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.15 and a quick ratio of 1.09.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). The firm had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $865.00 million. Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. Servicemaster Global’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. On average, sell-side analysts anticipate that Servicemaster Global Holdings Inc will post 2.11 earnings per share for the current fiscal year.

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About Servicemaster Global

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.

Further Reading: SEC Filing

Institutional Ownership by Quarter for Servicemaster Global (NYSE:SERV)

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