Fmr LLC cut its holdings in Servicemaster Global Holdings Inc (NYSE:SERV) by 55.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,322,235 shares of the business services provider’s stock after selling 8,014,511 shares during the quarter. Fmr LLC owned about 4.66% of Servicemaster Global worth $375,983,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Servicemaster Global in the first quarter worth $121,000. Ostrum Asset Management acquired a new stake in Servicemaster Global in the first quarter worth $178,000. Guggenheim Capital LLC acquired a new stake in Servicemaster Global in the first quarter worth $214,000. TLP Group LLC raised its holdings in Servicemaster Global by 4,535.4% in the first quarter. TLP Group LLC now owns 4,450 shares of the business services provider’s stock worth $226,000 after purchasing an additional 4,354 shares during the period. Finally, Raymond James Trust N.A. acquired a new stake in Servicemaster Global in the second quarter worth $230,000.

Shares of NYSE:SERV opened at $60.20 on Wednesday. Servicemaster Global Holdings Inc has a 12 month low of $43.75 and a 12 month high of $62.27. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.99. The firm has a market cap of $8.17 billion, a P/E ratio of 28.39, a P/E/G ratio of 2.10 and a beta of 0.92.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, July 17th. The business services provider reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). Servicemaster Global had a return on equity of 27.27% and a net margin of 17.33%. The company had revenue of $874.00 million for the quarter, compared to analyst estimates of $860.00 million. research analysts predict that Servicemaster Global Holdings Inc will post 2.42 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on SERV shares. Buckingham Research started coverage on shares of Servicemaster Global in a report on Wednesday, May 9th. They issued a “buy” rating and a $64.00 target price on the stock. Nomura increased their target price on shares of Servicemaster Global from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, June 14th. Gabelli started coverage on shares of Servicemaster Global in a report on Thursday, July 12th. They issued a “buy” rating on the stock. Morgan Stanley cut their target price on shares of Servicemaster Global from $64.00 to $62.00 and set a “$57.21” rating on the stock in a report on Wednesday, July 18th. Finally, Zacks Investment Research lowered shares of Servicemaster Global from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.00.

Servicemaster Global Company 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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