Price T Rowe Associates Inc. MD Sells 68,747 Shares of Servicemaster Global Holdings Inc (NYSE:SERV)

Price T Rowe Associates Inc. MD lowered its stake in Servicemaster Global Holdings Inc (NYSE:SERV) by 0.4% in the second quarter, HoldingsChannel.com reports. The firm owned 16,975,326 shares of the business services provider’s stock after selling 68,747 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.12% of Servicemaster Global worth $884,245,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in shares of Servicemaster Global by 42.9% in the second quarter. Jane Street Group LLC now owns 17,813 shares of the business services provider’s stock valued at $928,000 after purchasing an additional 5,347 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Servicemaster Global by 71.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 223,433 shares of the business services provider’s stock valued at $11,639,000 after purchasing an additional 93,120 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of Servicemaster Global by 1,523.3% in the second quarter. Point72 Hong Kong Ltd now owns 8,636 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 8,104 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Servicemaster Global in the second quarter valued at approximately $5,683,000. Finally, Morgan Stanley increased its holdings in shares of Servicemaster Global by 17.9% in the second quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock valued at $272,899,000 after purchasing an additional 795,651 shares in the last quarter.

A number of analysts recently weighed in on the stock. Nomura reissued a “buy” rating and issued a $62.00 price target on shares of Servicemaster Global in a report on Thursday, August 8th. ValuEngine raised shares of Servicemaster Global from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Buckingham Research boosted their price target on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.00.



Shares of SERV stock traded down $0.15 on Wednesday, hitting $56.14. The stock had a trading volume of 188,685 shares, compared to its average volume of 484,918. Servicemaster Global Holdings Inc has a twelve month low of $34.28 and a twelve month high of $58.78. The firm has a market cap of $7.65 billion, a P/E ratio of 59.09, a PEG ratio of 2.09 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $56.59 and a two-hundred day moving average price of $52.54.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. The company had revenue of $560.00 million during the quarter, compared to analyst estimates of $549.25 million. During the same quarter in the previous year, the business earned $0.79 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. On average, analysts expect that Servicemaster Global Holdings Inc will post 1.47 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.

See Also: SEC Filing

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

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