Private Advisor Group LLC Acquires Shares of 6,830 Servicemaster Global Holdings Inc (SERV)

Private Advisor Group LLC acquired a new stake in Servicemaster Global Holdings Inc (NYSE:SERV) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,830 shares of the business services provider’s stock, valued at approximately $424,000.

Several other hedge funds also recently modified their holdings of the stock. Iridian Asset Management LLC CT grew its holdings in Servicemaster Global by 4,068.3% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,139,824 shares of the business services provider’s stock valued at $67,785,000 after buying an additional 1,112,479 shares during the last quarter. Standard Life Aberdeen plc acquired a new stake in Servicemaster Global in the 2nd quarter valued at approximately $49,603,000. Davidson Kempner Capital Management LP grew its holdings in Servicemaster Global by 67.9% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,175,000 shares of the business services provider’s stock valued at $69,877,000 after buying an additional 475,000 shares during the last quarter. BlackRock Inc. grew its holdings in Servicemaster Global by 6.1% in the 2nd quarter. BlackRock Inc. now owns 6,044,048 shares of the business services provider’s stock valued at $359,440,000 after buying an additional 345,133 shares during the last quarter. Finally, Chilton Investment Co. LLC grew its holdings in Servicemaster Global by 852.7% in the 2nd quarter. Chilton Investment Co. LLC now owns 367,400 shares of the business services provider’s stock valued at $21,849,000 after buying an additional 328,837 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Servicemaster Global stock opened at $42.21 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 1.90. The company has a market cap of $5.73 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.95 and a beta of 0.81. Servicemaster Global Holdings Inc has a one year low of $30.90 and a one year high of $45.64.

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). The company had revenue of $873.00 million for the quarter, compared to the consensus estimate of $865.00 million. Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. Servicemaster Global’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. On average, equities research analysts forecast that Servicemaster Global Holdings Inc will post 2.11 EPS for the current fiscal year.

Several analysts have recently weighed in on SERV shares. Morgan Stanley lowered Servicemaster Global from an “overweight” rating to an “equal weight” rating and set a $42.00 price objective on the stock. in a report on Tuesday, October 2nd. Zacks Investment Research raised Servicemaster Global from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Robert W. Baird set a $45.00 price objective on Servicemaster Global and gave the stock a “hold” rating in a report on Tuesday, October 2nd. ValuEngine raised Servicemaster Global from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Finally, Oppenheimer decreased their price objective on Servicemaster Global from $65.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.00.

TRADEMARK VIOLATION WARNING: “Private Advisor Group LLC Acquires Shares of 6,830 Servicemaster Global Holdings Inc (SERV)” was first published by WKRB News and is owned by of WKRB News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.wkrb13.com/2018/11/26/private-advisor-group-llc-acquires-shares-of-6830-servicemaster-global-holdings-inc-serv.html.

Servicemaster Global Company 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.

Featured Article: Stock Symbol

Want to see what other hedge funds are holding SERV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Servicemaster Global Holdings Inc (NYSE:SERV).

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

Receive News & Ratings for Servicemaster Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicemaster Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply