Charles Schwab Investment Management Inc. grew its holdings in Servicemaster Global Holdings Inc (NYSE:SERV) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 715,277 shares of the business services provider’s stock after buying an additional 23,328 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.53% of Servicemaster Global worth $37,259,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in Servicemaster Global during the second quarter worth about $32,000. AdvisorNet Financial Inc grew its holdings in shares of Servicemaster Global by 84.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,657 shares of the business services provider’s stock worth $86,000 after acquiring an additional 757 shares during the period. Advisor Group Inc. grew its holdings in shares of Servicemaster Global by 61.9% in the 2nd quarter. Advisor Group Inc. now owns 1,951 shares of the business services provider’s stock worth $102,000 after acquiring an additional 746 shares during the period. Rockefeller Capital Management L.P. increased its stake in Servicemaster Global by 506.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,988 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in Servicemaster Global in the 2nd quarter valued at approximately $104,000.
NYSE SERV opened at $54.86 on Wednesday. Servicemaster Global Holdings Inc has a fifty-two week low of $34.28 and a fifty-two week high of $58.78. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 57.75, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56. The business has a fifty day moving average of $55.76 and a 200-day moving average of $51.75. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.59.
Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The business had revenue of $560.00 million for the quarter, compared to analyst estimates of $549.25 million. During the same quarter last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that Servicemaster Global Holdings Inc will post 1.44 EPS for the current year.
A number of research firms have commented on SERV. Zacks Investment Research upgraded Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Morgan Stanley raised their price target on Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Nomura reaffirmed a “buy” rating and set a $62.00 price target on shares of Servicemaster Global in a research note on Thursday, August 8th. ValuEngine upgraded shares of Servicemaster Global from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Finally, Buckingham Research increased their price objective on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $49.78.
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.
Further Reading: What is Cost of Goods Sold (COGS)?
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