Pendal Group Ltd Raises Stake in Servicemaster Global Holdings Inc (NYSE:SERV)
Pendal Group Ltd boosted its position in Servicemaster Global Holdings Inc (NYSE:SERV) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,774 shares of the business services provider’s stock after buying an additional 2,103 shares during the quarter. Pendal Group Ltd’s holdings in Servicemaster Global were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership boosted its stake in Servicemaster Global by 110.3% in the first quarter. Artisan Partners Limited Partnership now owns 2,565,982 shares of the business services provider’s stock worth $119,831,000 after buying an additional 1,345,791 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Servicemaster Global during the first quarter valued at approximately $247,000. ETF Managers Group LLC boosted its stake in shares of 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 purchasing an additional 2,538 shares during the period. New York State Common Retirement Fund boosted its stake in shares of 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 purchasing an additional 17,677 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Servicemaster Global by 0.7% during the first quarter. BlackRock Inc. now owns 5,857,326 shares of the business services provider’s stock valued at $273,537,000 after purchasing an additional 38,654 shares during the period.
SERV stock traded up $0.37 on Thursday, reaching $55.96. The company’s stock had a trading volume of 7,606 shares, compared to its average volume of 741,025. The company has a fifty day moving average price of $53.54. Servicemaster Global Holdings Inc has a 12-month low of $34.28 and a 12-month high of $58.78. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 59.00, a PEG ratio of 2.17 and a beta of 0.73. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59.
A number of research firms have recently weighed in on SERV. Nomura reissued a “buy” rating and set a $62.00 price objective on shares of Servicemaster Global in a research note on Thursday, August 8th. Buckingham Research lowered Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. ValuEngine raised Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Morgan Stanley increased their price objective on Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research raised Servicemaster Global from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.89.
In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $53.94, for a total value of $131,829.36. Following the completion of the transaction, the director now owns 17,398 shares in the company, valued at $938,448.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matthew Stevenson sold 8,556 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $54.29, for a total value of $464,505.24. Following the completion of the transaction, the insider now owns 10,396 shares of the company’s stock, valued at approximately $564,398.84. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Servicemaster Global Company 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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