AGF Investments LLC Reduces Holdings in Servicemaster Global Holdings Inc (NYSE:SERV)

AGF Investments LLC decreased its stake in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 4.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 20,962 shares of the business services provider’s stock after selling 868 shares during the period. AGF Investments LLC’s holdings in Servicemaster Global were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in Servicemaster Global by 18.5% during the 4th quarter. Janus Henderson Group PLC now owns 18,077,438 shares of the business services provider’s stock worth $698,874,000 after purchasing an additional 2,821,973 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in Servicemaster Global by 294.4% in the 4th quarter. Iridian Asset Management LLC CT now owns 4,771,924 shares of the business services provider’s stock worth $184,483,000 after acquiring an additional 3,561,953 shares during the last quarter. Capital International Investors increased its stake in Servicemaster Global by 64.1% in the 4th quarter. Capital International Investors now owns 4,267,974 shares of the business services provider’s stock worth $165,000,000 after acquiring an additional 1,666,891 shares during the last quarter. Capital Research Global Investors increased its stake in Servicemaster Global by 41.2% in the 4th quarter. Capital Research Global Investors now owns 2,984,000 shares of the business services provider’s stock worth $115,361,000 after acquiring an additional 870,750 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Servicemaster Global in the 4th quarter worth about $71,267,000.

In other Servicemaster Global news, CEO Naren K. Gursahaney acquired 5,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $34.32 per share, for a total transaction of $171,600.00. Following the acquisition, the chief executive officer now owns 15,932 shares in the company, valued at approximately $546,786.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark E. Tomkins acquired 1,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $33.66 per share, with a total value of $33,660.00. Following the acquisition, the director now owns 19,398 shares in the company, valued at approximately $652,936.68. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 9,000 shares of company stock valued at $305,260. Company insiders own 0.23% of the company’s stock.

Shares of SERV stock opened at $29.13 on Friday. The stock has a market capitalization of $3.85 billion, a PE ratio of 26.32, a P/E/G ratio of 8.22 and a beta of 0.83. Servicemaster Global Holdings Inc has a 1-year low of $17.63 and a 1-year high of $58.78. The business has a 50-day moving average of $28.39 and a 200 day moving average of $33.96. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.23 and a quick ratio of 2.16.

Servicemaster Global (NYSE:SERV) last issued its earnings results on Thursday, May 7th. The business services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The company had revenue of $456.00 million for the quarter, compared to analysts’ expectations of $461.36 million. Servicemaster Global had a net margin of 3.51% and a return on equity of 6.58%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Analysts anticipate that Servicemaster Global Holdings Inc will post 0.53 EPS for the current year.

SERV has been the topic of a number of research analyst reports. Buckingham Research decreased their target price on Servicemaster Global from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus decreased their target price on Servicemaster Global from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Oppenheimer decreased their target price on Servicemaster Global from $60.00 to $40.00 in a research note on Monday, March 23rd. Robert W. Baird decreased their target price on Servicemaster Global from $45.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Servicemaster Global from $50.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.36.

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.

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

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