Russell Investments Group Ltd. Raises Stock Holdings in Servicemaster Global Holdings Inc (NYSE:SERV)

Russell Investments Group Ltd. increased its position in Servicemaster Global Holdings Inc (NYSE:SERV) by 28.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,089 shares of the business services provider’s stock after buying an additional 31,379 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Servicemaster Global worth $7,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SERV. Dimensional Fund Advisors LP increased its stake in shares of Servicemaster Global by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,015,753 shares of the business services provider’s stock worth $37,318,000 after buying an additional 12,682 shares during the period. Geode Capital Management LLC increased its position in Servicemaster Global by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 1,248,319 shares of the business services provider’s stock valued at $45,863,000 after purchasing an additional 65,869 shares during the period. SG Americas Securities LLC purchased a new position in Servicemaster Global during the 1st quarter valued at $613,000. California Public Employees Retirement System increased its position in Servicemaster Global by 28.9% during the 1st quarter. California Public Employees Retirement System now owns 350,870 shares of the business services provider’s stock valued at $16,386,000 after purchasing an additional 78,605 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Servicemaster Global by 117.4% during the 1st quarter. Teacher Retirement System of Texas now owns 641,618 shares of the business services provider’s stock valued at $29,964,000 after purchasing an additional 346,465 shares during the period.

A number of research analysts have issued reports on SERV shares. Buckingham Research boosted their price objective on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Morgan Stanley boosted their price objective on shares of Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Nomura reissued a “buy” rating and set a $62.00 price objective on shares of Servicemaster Global in a research report on Thursday, August 8th. Finally, ValuEngine raised shares of Servicemaster Global from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $49.78.

Shares of SERV stock traded up $0.98 during mid-day trading on Thursday, reaching $56.60. 15,022 shares of the company’s stock traded hands, compared to its average volume of 802,371. Servicemaster Global Holdings Inc has a 12 month low of $34.28 and a 12 month high of $58.78. The company has a market cap of $7.59 billion, a P/E ratio of 59.45, a P/E/G ratio of 2.11 and a beta of 0.56. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $55.80 and its 200-day moving average price is $51.83.

Servicemaster Global (NYSE:SERV) last announced its earnings results on Tuesday, August 6th. The business services provider reported $0.50 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $560.00 million for the quarter, compared to analysts’ expectations of $549.25 million. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts predict that Servicemaster Global Holdings Inc will post 1.45 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.

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

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