Servicemaster Global Holdings Inc (NYSE:SERV) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in Servicemaster Global Holdings Inc (NYSE:SERV) by 13.2% in the second quarter, Holdings Channel reports. The fund owned 298,400 shares of the business services provider’s stock after selling 45,400 shares during the period. Renaissance Technologies LLC’s holdings in Servicemaster Global were worth $15,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Veritable L.P. increased its stake in shares of Servicemaster Global by 15.8% in the 2nd quarter. Veritable L.P. now owns 19,067 shares of the business services provider’s stock worth $993,000 after acquiring an additional 2,595 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Servicemaster Global in the 2nd quarter worth $83,000. M&T Bank Corp increased its stake in shares of Servicemaster Global by 3.0% in the 2nd quarter. M&T Bank Corp now owns 6,432 shares of the business services provider’s stock worth $336,000 after acquiring an additional 190 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Servicemaster Global in the 2nd quarter worth $165,000. Finally, LPL Financial LLC purchased a new position in shares of Servicemaster Global during the 2nd quarter worth $504,000.

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

Shares of NYSE SERV traded down $0.24 during mid-day trading on Thursday, reaching $55.84. 4,325 shares of the company’s stock were exchanged, compared to its average volume of 437,375. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 58.75, a PEG ratio of 2.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17. Servicemaster Global Holdings Inc has a 52-week low of $34.28 and a 52-week high of $58.78. The company’s 50-day moving average is $56.18 and its 200-day moving average is $52.24.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The business had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $549.25 million. During the same period in the prior year, the business posted $0.79 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that Servicemaster Global Holdings Inc will post 1.47 earnings per share for the current fiscal year.

Servicemaster Global 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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