Dimensional Fund Advisors LP boosted its holdings in Servicemaster Global Holdings Inc (NYSE:SERV) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,050,340 shares of the business services provider’s stock after buying an additional 21,879 shares during the period. Dimensional Fund Advisors LP’s holdings in Servicemaster Global were worth $49,085,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in Servicemaster Global in the second quarter valued at approximately $568,959,000. Atlanta Capital Management Co. L L C increased its stake in Servicemaster Global by 42.7% in the second quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock valued at $203,636,000 after purchasing an additional 1,554,084 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in Servicemaster Global in the third quarter valued at approximately $54,170,000. Schroder Investment Management Group increased its stake in Servicemaster Global by 225.8% in the second quarter. Schroder Investment Management Group now owns 1,659,624 shares of the business services provider’s stock valued at $64,974,000 after purchasing an additional 1,150,259 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in Servicemaster Global by 14,093.4% in the third quarter. Pictet Asset Management Ltd. now owns 780,635 shares of the business services provider’s stock valued at $36,479,000 after purchasing an additional 775,135 shares in the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday. Morgan Stanley upped their target price on shares of Servicemaster Global from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, September 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $51.00 target price on shares of Servicemaster Global in a research note on Tuesday, September 12th. BidaskClub downgraded shares of Servicemaster Global from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Finally, Royal Bank of Canada lowered their target price on shares of Servicemaster Global from $44.00 to $43.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.42.
In other news, SVP James T. Lucke sold 21,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $50.24, for a total transaction of $1,055,040.00. Following the completion of the sale, the senior vice president now owns 21,000 shares of the company’s stock, valued at $1,055,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Kay Wegner sold 1,256 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $50.29, for a total transaction of $63,164.24. The disclosure for this sale can be found here. Insiders have sold 32,464 shares of company stock valued at $1,596,901 in the last three months. 1.20% of the stock is owned by insiders.
Shares of Servicemaster Global Holdings Inc (NYSE:SERV) opened at $52.40 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12. Servicemaster Global Holdings Inc has a 12-month low of $36.34 and a 12-month high of $52.87. The stock has a market cap of $7,029.59, a price-to-earnings ratio of 30.11 and a beta of 1.00.
Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.12. Servicemaster Global had a net margin of 8.16% and a return on equity of 40.22%. The company had revenue of $797.00 million during the quarter, compared to the consensus estimate of $795.41 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. research analysts expect that Servicemaster Global Holdings Inc will post 2.09 EPS for the current fiscal year.
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Servicemaster Global Company Profile
ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
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