Fort L.P. lifted its position in Servicemaster Global Holdings Inc (NYSE:SERV) by 51.4% during the first quarter, Holdings Channel reports. The institutional investor owned 53,638 shares of the business services provider’s stock after buying an additional 18,207 shares during the quarter. Fort L.P.’s holdings in Servicemaster Global were worth $2,505,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SERV. AdvisorNet Financial Inc purchased a new stake in Servicemaster Global during the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC purchased a new stake in Servicemaster Global during the 1st quarter worth approximately $49,000. Advisor Group Inc. grew its position in Servicemaster Global by 100.5% during the 1st quarter. Advisor Group Inc. now owns 1,205 shares of the business services provider’s stock worth $56,000 after purchasing an additional 604 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Servicemaster Global by 506.1% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,988 shares of the business services provider’s stock worth $93,000 after purchasing an additional 1,660 shares during the last quarter. Finally, World Asset Management Inc purchased a new stake in Servicemaster Global during the 1st quarter worth approximately $208,000.
Shares of NYSE SERV opened at $54.35 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. Servicemaster Global Holdings Inc has a 12 month low of $34.28 and a 12 month high of $56.50. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 57.21, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85.
Servicemaster Global (NYSE:SERV) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The business had revenue of $482.00 million during the quarter, compared to analysts’ expectations of $473.13 million. During the same period in the previous year, the business posted $0.44 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Servicemaster Global Holdings Inc will post 1.42 earnings per share for the current year.
In related news, Director Mark E. Tomkins sold 2,444 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total value of $131,829.36. Following the completion of the transaction, the director now directly owns 17,398 shares in the company, valued at approximately $938,448.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew Stevenson sold 8,556 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $54.29, for a total transaction of $464,505.24. Following the completion of the transaction, the insider now owns 10,396 shares of the company’s stock, valued at $564,398.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,192 shares of company stock valued at $3,430,404. Company insiders own 0.23% of the company’s stock.
Several analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Servicemaster Global from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Morgan Stanley lifted their price objective on shares of Servicemaster Global from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Buckingham Research lifted their price objective on shares of Servicemaster Global from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, Bank of America cut shares of Servicemaster Global from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $45.00 to $36.00 in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Servicemaster Global presently has a consensus rating of “Hold” and a consensus price target of $46.89.
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About Servicemaster Global
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.
Further Reading: Strike Price
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