Nordea Investment Management AB boosted its holdings in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 129.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,219 shares of the business services provider’s stock after acquiring an additional 97,178 shares during the period. Nordea Investment Management AB owned about 0.13% of Servicemaster Global worth $6,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of SERV. Atlanta Capital Management Co. L L C grew its holdings in Servicemaster Global by 89.1% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 11,846,269 shares of the business services provider’s stock worth $435,232,000 after acquiring an additional 5,582,248 shares in the last quarter. Capital International Investors purchased a new stake in shares of Servicemaster Global during the third quarter valued at about $210,902,000. KAMES CAPITAL plc purchased a new stake in shares of Servicemaster Global during the fourth quarter valued at about $63,070,000. Marshall Wace LLP lifted its position in shares of Servicemaster Global by 1,951.9% during the third quarter. Marshall Wace LLP now owns 701,541 shares of the business services provider’s stock valued at $43,517,000 after buying an additional 667,351 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Servicemaster Global by 48.8% during the fourth quarter. Bank of America Corp DE now owns 1,022,586 shares of the business services provider’s stock valued at $37,571,000 after buying an additional 335,307 shares during the last quarter.
In related news, VP John Patrick Mullen sold 22,376 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $47.80, for a total value of $1,069,572.80. Following the completion of the transaction, the vice president now directly owns 14,389 shares of the company’s stock, valued at approximately $687,794.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.
Servicemaster Global (NYSE:SERV) last announced its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $446.35 million. Servicemaster Global had a negative net margin of 1.42% and a positive return on equity of 18.28%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. As a group, research analysts anticipate that Servicemaster Global Holdings Inc will post 1.43 earnings per share for the current fiscal year.
Several analysts have commented on the stock. Buckingham Research increased their price target on shares of Servicemaster Global from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Oppenheimer increased their price target on shares of Servicemaster Global from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Bank of America lowered shares of Servicemaster Global from a “buy” rating to an “underperform” rating and decreased their price target for the company from $45.00 to $36.00 in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Morgan Stanley set a $36.00 price target on shares of Servicemaster Global and gave the company a “hold” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.89.
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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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