Legal & General Group Plc increased its holdings in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,403 shares of the business services provider’s stock after acquiring an additional 1,283 shares during the quarter. Legal & General Group Plc owned approximately 0.07% of Servicemaster Global worth $5,732,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Marshall Wace LLP increased its position in Servicemaster Global by 3.3% in the second quarter. Marshall Wace LLP now owns 34,190 shares of the business services provider’s stock worth $2,033,000 after buying an additional 1,107 shares during the last quarter. Swiss National Bank increased its position in Servicemaster Global by 0.6% in the third quarter. Swiss National Bank now owns 236,207 shares of the business services provider’s stock worth $14,652,000 after buying an additional 1,300 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in Servicemaster Global by 7.9% in the third quarter. Xact Kapitalforvaltning AB now owns 19,011 shares of the business services provider’s stock worth $1,179,000 after buying an additional 1,400 shares during the last quarter. Gabelli Funds LLC increased its position in Servicemaster Global by 1.4% in the third quarter. Gabelli Funds LLC now owns 104,600 shares of the business services provider’s stock worth $6,488,000 after buying an additional 1,400 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Servicemaster Global by 4.9% in the third quarter. State of Alaska Department of Revenue now owns 31,403 shares of the business services provider’s stock worth $1,947,000 after buying an additional 1,468 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
Servicemaster Global stock opened at $37.28 on Friday. 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. The stock has a market cap of $4.97 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 2.48 and a beta of 1.01.
Servicemaster Global (NYSE:SERV) last posted its earnings results on Tuesday, November 6th. The business services provider reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. The business had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $865.00 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Servicemaster Global’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Servicemaster Global Holdings Inc will post 2.1 earnings per share for the current fiscal year.
In other Servicemaster Global news, insider Matthew Stevenson sold 2,562 shares of Servicemaster Global stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $44.20, for a total transaction of $113,240.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.
Several equities analysts have recently weighed in on the company. Nomura lifted their price target on Servicemaster Global from $48.20 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Morgan Stanley set a $39.00 price target on Servicemaster Global and gave the company a “hold” rating in a research report on Wednesday, November 7th. ValuEngine upgraded Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Goldman Sachs Group assumed coverage on Servicemaster Global in a research report on Wednesday, November 14th. They issued a “neutral” rating and a $44.00 price target for the company. Finally, Zacks Investment Research upgraded Servicemaster Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Servicemaster Global currently has an average rating of “Hold” and a consensus price target of $46.67.
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Servicemaster Global 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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