W.E. Donoghue & Co. LLC Takes $2.50 Million Position in Servicemaster Global Holdings Inc (NYSE:SERV)

W.E. Donoghue & Co. LLC purchased a new stake in shares of Servicemaster Global Holdings Inc (NYSE:SERV) in the 2nd quarter, Holdings Channel reports. The fund purchased 48,064 shares of the business services provider’s stock, valued at approximately $2,504,000.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Servicemaster Global by 7.3% during the fourth quarter. Legal & General Group Plc now owns 99,163 shares of the business services provider’s stock valued at $3,643,000 after acquiring an additional 6,760 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in Servicemaster Global by 110.3% during the first quarter. Artisan Partners Limited Partnership now owns 2,565,982 shares of the business services provider’s stock valued at $119,831,000 after buying an additional 1,345,791 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Servicemaster Global during the first quarter valued at approximately $247,000. ETF Managers Group LLC increased its holdings in Servicemaster Global by 6.1% during the first quarter. ETF Managers Group LLC now owns 43,908 shares of the business services provider’s stock valued at $2,051,000 after buying an additional 2,538 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Servicemaster Global by 3.8% during the first quarter. New York State Common Retirement Fund now owns 477,274 shares of the business services provider’s stock valued at $22,289,000 after buying an additional 17,677 shares during the period.

SERV stock traded up $0.14 during trading on Friday, hitting $52.37. 713,213 shares of the company’s stock traded hands, compared to its average volume of 553,682. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 55.13, a P/E/G ratio of 2.07 and a beta of 0.73. The stock’s fifty day moving average price is $53.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 1.13. Servicemaster Global Holdings Inc has a 1 year low of $34.28 and a 1 year high of $56.50.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The business had revenue of $482.00 million for the quarter, compared to analyst estimates of $473.13 million. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts anticipate that Servicemaster Global Holdings Inc will post 1.41 EPS for the current fiscal year.

In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of Servicemaster Global stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total value of $131,829.36. Following the transaction, the director now directly owns 17,398 shares of the company’s stock, valued at $938,448.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Kay Wegner sold 53,192 shares of Servicemaster Global stock in a transaction on Friday, May 10th. The stock was sold at an average price of $53.28, for a total transaction of $2,834,069.76. Following the completion of the transaction, the insider now directly owns 23,864 shares in the company, valued at $1,271,473.92. The disclosure for this sale can be found here. Insiders sold 64,192 shares of company stock worth $3,430,404 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

SERV has been the topic of several research reports. Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Morgan Stanley lifted their price objective on shares of Servicemaster Global from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Buckingham Research lowered shares of Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a report on Wednesday, May 8th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Servicemaster Global from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.89.

About Servicemaster Global

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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