Marshall Wace LLP Raises Holdings in Servicemaster Global Holdings Inc (SERV)

Marshall Wace LLP grew its stake in Servicemaster Global Holdings Inc (NYSE:SERV) by 1,951.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 701,541 shares of the business services provider’s stock after purchasing an additional 667,351 shares during the quarter. Marshall Wace LLP owned about 0.52% of Servicemaster Global worth $43,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Servicemaster Global by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,628,996 shares of the business services provider’s stock valued at $721,346,000 after purchasing an additional 71,982 shares during the last quarter. Legal & General Group Plc grew its position in Servicemaster Global by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 92,403 shares of the business services provider’s stock valued at $5,732,000 after purchasing an additional 1,283 shares during the last quarter. Standard Life Aberdeen plc grew its position in Servicemaster Global by 23.9% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,033,168 shares of the business services provider’s stock valued at $64,082,000 after purchasing an additional 199,014 shares during the last quarter. Rehmann Capital Advisory Group grew its position in Servicemaster Global by 6,123.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 57,129 shares of the business services provider’s stock valued at $921,000 after purchasing an additional 56,211 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in Servicemaster Global during the 3rd quarter valued at about $4,654,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

In other news, insider Matthew Stevenson sold 2,562 shares of the stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $44.20, for a total value of $113,240.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

SERV traded down $0.61 during midday trading on Friday, hitting $42.07. 6,618 shares of the company traded hands, compared to its average volume of 883,265. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.09 and a current ratio of 1.15. The stock has a market capitalization of $5.82 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.98 and a beta of 0.81. Servicemaster Global Holdings Inc has a 52 week low of $32.89 and a 52 week high of $45.64.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. The business had revenue of $873.00 million during the quarter, compared to the consensus estimate of $865.00 million. During the same quarter last year, the company earned $0.73 EPS. Servicemaster Global’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts forecast that Servicemaster Global Holdings Inc will post 2.11 EPS for the current fiscal year.

SERV has been the topic of several research analyst reports. Morgan Stanley cut shares of Servicemaster Global from an “overweight” rating to an “equal weight” rating and set a $42.00 target price on the stock. in a research note on Tuesday, October 2nd. Robert W. Baird set a $45.00 target price on shares of Servicemaster Global and gave the company a “hold” rating in a research note on Tuesday, October 2nd. ValuEngine upgraded shares of Servicemaster Global from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Oppenheimer lowered their target price on shares of Servicemaster Global from $65.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 2nd. Finally, Stifel Nicolaus upped their target price on shares of Servicemaster Global from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.00.

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Servicemaster Global 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.

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

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