Cramer Rosenthal Mcglynn LLC decreased its holdings in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 32.6% in the second quarter, Holdings Channel reports. The firm owned 1,344,486 shares of the business services provider’s stock after selling 651,242 shares during the quarter. Servicemaster Global comprises about 1.9% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 13th biggest holding. Cramer Rosenthal Mcglynn LLC’s holdings in Servicemaster Global were worth $70,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. M&T Bank Corp increased its holdings in shares of Servicemaster Global by 3.0% during the second quarter. M&T Bank Corp now owns 6,432 shares of the business services provider’s stock worth $336,000 after buying an additional 190 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Servicemaster Global during the second quarter worth approximately $32,000. State of Alaska Department of Revenue increased its holdings in shares of Servicemaster Global by 2.1% during the second quarter. State of Alaska Department of Revenue now owns 33,544 shares of the business services provider’s stock worth $1,746,000 after buying an additional 705 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Servicemaster Global by 9.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,328 shares of the business services provider’s stock worth $434,000 after buying an additional 716 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Servicemaster Global by 61.9% during the second quarter. Advisor Group Inc. now owns 1,951 shares of the business services provider’s stock worth $102,000 after buying an additional 746 shares in the last quarter.

SERV traded up $0.18 during trading on Friday, reaching $56.17. 1,330 shares of the company’s stock were exchanged, compared to its average volume of 469,134. The company’s fifty day moving average price is $55.80 and its 200-day moving average price is $51.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17. Servicemaster Global Holdings Inc has a fifty-two week low of $34.28 and a fifty-two week high of $58.78. The firm has a market capitalization of $7.45 billion, a PE ratio of 59.13, a P/E/G ratio of 2.05 and a beta of 0.56.

Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Servicemaster Global had a negative net margin of 2.02% and a positive return on equity of 11.17%. The firm had revenue of $560.00 million during the quarter, compared to analyst estimates of $549.25 million. During the same quarter in the previous year, the business earned $0.79 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Research analysts forecast that Servicemaster Global Holdings Inc will post 1.46 earnings per share for the current fiscal year.

Several research firms have recently weighed in on SERV. Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Morgan Stanley raised their price objective 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. Nomura reissued a “buy” rating and issued a $62.00 price target on shares of Servicemaster Global in a report on Thursday, August 8th. Buckingham Research raised their price target on shares of Servicemaster Global from $53.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Servicemaster Global from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $49.78.

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

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