Swiss National Bank boosted its holdings in Servicemaster Global Holdings Inc (NYSE:SERV) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,507 shares of the business services provider’s stock after buying an additional 5,200 shares during the period. Swiss National Bank owned approximately 0.19% of Servicemaster Global worth $13,153,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SERV. Artisan Partners Limited Partnership increased its position in shares of 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 purchasing an additional 1,345,791 shares during the period. FMR LLC increased its position in shares of Servicemaster Global by 19.9% during the first quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock valued at $115,380,000 after purchasing an additional 409,942 shares during the period. Teacher Retirement System of Texas increased its position in shares of Servicemaster Global by 117.4% during the first quarter. Teacher Retirement System of Texas now owns 641,618 shares of the business services provider’s stock valued at $29,964,000 after purchasing an additional 346,465 shares during the period. Columbus Circle Investors acquired a new stake in Servicemaster Global in the 2nd quarter valued at $11,599,000. Finally, California Public Employees Retirement System boosted its stake in Servicemaster Global by 28.9% in the 1st quarter. California Public Employees Retirement System now owns 350,870 shares of the business services provider’s stock valued at $16,386,000 after buying an additional 78,605 shares in the last quarter.
Shares of SERV stock opened at $56.84 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.17 and a quick ratio of 1.09. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 59.83, a P/E/G ratio of 2.22 and a beta of 0.73. The stock’s fifty day simple moving average is $54.51 and its 200 day simple moving average is $50.21. Servicemaster Global Holdings Inc has a one year low of $34.28 and a one year high of $58.78.
SERV has been the topic of several recent analyst reports. Nomura reaffirmed a “buy” rating and issued a $62.00 price target on shares of Servicemaster Global in a research note on Thursday, August 8th. Morgan Stanley boosted their price target 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. ValuEngine raised Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Buckingham Research boosted their price target on Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday. They noted that the move was a valuation call. 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 issued a hold rating and five have given a buy rating to the company’s stock. Servicemaster Global currently has an average rating of “Hold” and an average price target of $49.78.
In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of the business’s 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 transaction, the director now owns 17,398 shares of the company’s stock, valued at $938,448.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.
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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