MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Servicemaster Global Holdings Inc (NYSE:SERV) during the 1st quarter, HoldingsChannel reports. The fund acquired 5,300 shares of the business services provider’s stock, valued at approximately $247,000.
Several other hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new stake in Servicemaster Global during the fourth quarter worth $33,000. Avalon Advisors LLC boosted its holdings in Servicemaster Global by 1.1% during the first quarter. Avalon Advisors LLC now owns 91,289 shares of the business services provider’s stock worth $4,263,000 after buying an additional 1,029 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in Servicemaster Global during the first quarter worth $49,000. Oppenheimer Asset Management Inc. boosted its holdings in Servicemaster Global by 7.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,404 shares of the business services provider’s stock worth $906,000 after buying an additional 1,276 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Servicemaster Global by 8.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 16,256 shares of the business services provider’s stock worth $576,000 after buying an additional 1,305 shares in the last quarter.
SERV has been the topic of a number of recent analyst reports. Bank of America downgraded shares of Servicemaster Global from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $45.00 to $36.00 in a report on Wednesday, February 20th. Buckingham Research downgraded shares of Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Wednesday, May 8th. They noted that the move was a valuation call. Morgan Stanley increased their price target on shares of Servicemaster Global from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Servicemaster Global currently has a consensus rating of “Hold” and an average target price of $46.89.
Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The company had revenue of $482.00 million during the quarter, compared to analysts’ expectations of $473.13 million. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. As a group, equities research analysts predict that Servicemaster Global Holdings Inc will post 1.42 EPS for the current year.
In other news, VP John Patrick Mullen sold 22,376 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 14,389 shares in the company, valued at $687,794.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Kay Wegner sold 53,192 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $53.28, for a total transaction of $2,834,069.76. Following the completion of the sale, the insider now owns 23,864 shares of the company’s stock, valued at $1,271,473.92. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.
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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