Fort L.P. acquired a new position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,045 shares of the business services provider’s stock, valued at approximately $122,000.

A number of other hedge funds also recently added to or reduced their stakes in SERV. SG Americas Securities LLC acquired a new stake in Servicemaster Global during the first quarter worth approximately $121,000. Trexquant Investment LP increased its holdings in shares of Servicemaster Global by 273.3% in the 1st quarter. Trexquant Investment LP now owns 18,249 shares of the business services provider’s stock valued at $928,000 after acquiring an additional 13,360 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Servicemaster Global by 36.0% in the 1st quarter. Victory Capital Management Inc. now owns 53,513 shares of the business services provider’s stock valued at $2,721,000 after acquiring an additional 14,171 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Servicemaster Global by 11.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 272,806 shares of the business services provider’s stock valued at $13,872,000 after acquiring an additional 27,734 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Servicemaster Global by 3.4% in the 1st quarter. Swiss National Bank now owns 234,907 shares of the business services provider’s stock valued at $11,945,000 after acquiring an additional 7,700 shares during the period. 98.97% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on SERV. Zacks Investment Research cut shares of Servicemaster Global from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Nomura lifted their target price on shares of Servicemaster Global from $67.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Gabelli began coverage on shares of Servicemaster Global in a report on Thursday, July 12th. They issued a “buy” rating on the stock. Morgan Stanley lifted their target price on shares of Servicemaster Global from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, August 1st. Finally, Stifel Nicolaus began coverage on shares of Servicemaster Global in a report on Monday, July 23rd. They issued a “buy” rating and a $70.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Servicemaster Global presently has a consensus rating of “Buy” and an average price target of $60.00.

NYSE:SERV opened at $59.49 on Friday. Servicemaster Global Holdings Inc has a 1-year low of $43.75 and a 1-year high of $62.27. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.97 and a current ratio of 1.03. The firm has a market capitalization of $8.08 billion, a P/E ratio of 28.19, a PEG ratio of 2.08 and a beta of 0.92.

Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, July 17th. The business services provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). Servicemaster Global had a net margin of 17.33% and a return on equity of 27.27%. The firm had revenue of $874.00 million during the quarter, compared to analysts’ expectations of $860.00 million. analysts forecast that Servicemaster Global Holdings Inc will post 2.41 earnings per share for the current fiscal year.

Servicemaster Global Profile

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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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