California Public Employees Retirement System Has $21.16 Million Stock Holdings in Servicemaster Global Holdings Inc (NYSE:SERV)

California Public Employees Retirement System increased its stake in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 26.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,503 shares of the business services provider’s stock after purchasing an additional 78,454 shares during the quarter. California Public Employees Retirement System owned approximately 0.28% of Servicemaster Global worth $21,158,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC increased its position in Servicemaster Global by 36.7% in the 3rd quarter. Chicago Equity Partners LLC now owns 117,470 shares of the business services provider’s stock valued at $6,567,000 after acquiring an additional 31,556 shares during the period. Beacon Investment Advisory Services Inc. increased its position in Servicemaster Global by 3.2% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 130,866 shares of the business services provider’s stock valued at $7,315,000 after acquiring an additional 4,076 shares during the period. Quest Capital Management Inc. ADV acquired a new position in Servicemaster Global in the 3rd quarter valued at approximately $111,000. Sepio Capital LLC increased its position in Servicemaster Global by 6.7% in the 3rd quarter. Sepio Capital LLC now owns 43,150 shares of the business services provider’s stock valued at $2,412,000 after acquiring an additional 2,700 shares during the period. Finally, First Quadrant L P CA increased its position in Servicemaster Global by 39.7% in the 3rd quarter. First Quadrant L P CA now owns 61,318 shares of the business services provider’s stock valued at $3,428,000 after acquiring an additional 17,423 shares during the period.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Servicemaster Global to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday. Bank of America reduced their price objective on shares of Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 23rd. ValuEngine lowered shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Servicemaster Global in a research note on Thursday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Servicemaster Global from $54.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Servicemaster Global has a consensus rating of “Hold” and an average target price of $52.63.

Shares of Servicemaster Global stock opened at $35.02 on Friday. Servicemaster Global Holdings Inc has a 1 year low of $34.28 and a 1 year high of $58.78. The firm has a market cap of $4.98 billion, a PE ratio of 36.86, a PEG ratio of 1.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.17 and a quick ratio of 1.09. The company has a 50 day simple moving average of $50.46 and a two-hundred day simple moving average of $53.04.

Servicemaster Global (NYSE:SERV) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $528.00 million during the quarter, compared to analyst estimates of $528.05 million. Servicemaster Global had a negative net margin of 4.64% and a positive return on equity of 7.97%. Servicemaster Global’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. As a group, research analysts anticipate that Servicemaster Global Holdings Inc will post 1.33 earnings per share for the current year.

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

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