C M Bidwell & Associates Ltd. Makes New Investment in Servicemaster Global Holdings Inc (NYSE:SERV)

C M Bidwell & Associates Ltd. acquired a new stake in Servicemaster Global Holdings Inc (NYSE:SERV) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,035 shares of the business services provider’s stock, valued at approximately $158,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SERV. Dimensional Fund Advisors LP lifted its stake in shares of Servicemaster Global by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,015,753 shares of the business services provider’s stock worth $37,318,000 after buying an additional 12,682 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Servicemaster Global by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,248,319 shares of the business services provider’s stock valued at $45,863,000 after acquiring an additional 65,869 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Servicemaster Global in the 1st quarter worth about $892,000. Oppenheimer Asset Management Inc. grew its position in shares of Servicemaster Global by 7.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,404 shares of the business services provider’s stock worth $906,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Servicemaster Global during the first quarter worth approximately $224,000.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Buckingham Research boosted their price target on Servicemaster Global from $53.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. They noted that the move was a valuation call. Nomura restated 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 upped their price target on shares of Servicemaster Global from $51.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Finally, ValuEngine raised Servicemaster Global from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Servicemaster Global presently has an average rating of “Hold” and a consensus target price of $49.78.

Shares of NYSE:SERV opened at $54.86 on Wednesday. The stock’s 50 day moving average is $55.76 and its 200-day moving average is $51.75. Servicemaster Global Holdings Inc has a twelve month low of $34.28 and a twelve month high of $58.78. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 57.75, a PEG ratio of 2.15 and a beta of 0.56. 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 released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $549.25 million. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Equities research analysts anticipate that Servicemaster Global Holdings Inc will post 1.44 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Servicemaster Global (NYSE:SERV)

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