Formidable Asset Management LLC Makes New $271,000 Investment in Terminix Global Holdings, Inc. (NYSE:TMX)

Formidable Asset Management LLC purchased a new stake in shares of Terminix Global Holdings, Inc. (NYSE:TMX) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,507 shares of the technology company’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Terminix Global by 0.7% during the 3rd quarter. Alliancebernstein L.P. now owns 69,957 shares of the technology company’s stock valued at $2,915,000 after acquiring an additional 479 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Terminix Global during the 3rd quarter valued at about $18,305,000. Teacher Retirement System of Texas boosted its position in shares of Terminix Global by 19.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 20,532 shares of the technology company’s stock valued at $856,000 after acquiring an additional 3,339 shares during the last quarter. Sawtooth Solutions LLC boosted its position in shares of Terminix Global by 15.8% during the 3rd quarter. Sawtooth Solutions LLC now owns 6,538 shares of the technology company’s stock valued at $272,000 after acquiring an additional 893 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Terminix Global by 6.6% during the 3rd quarter. CIBC Asset Management Inc now owns 5,265 shares of the technology company’s stock valued at $219,000 after acquiring an additional 326 shares during the last quarter.

Terminix Global stock opened at $42.73 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $41.50 and its two-hundred day simple moving average is $43.87. Terminix Global Holdings, Inc. has a 12 month low of $36.30 and a 12 month high of $53.54. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 9.23 and a beta of 0.78.

Terminix Global (NYSE:TMX) last announced its quarterly earnings results on Tuesday, November 2nd. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $529.73 million. Terminix Global had a return on equity of 7.21% and a net margin of 30.13%. During the same period in the prior year, the company posted $0.26 earnings per share. On average, equities research analysts predict that Terminix Global Holdings, Inc. will post 1.45 EPS for the current year.

A number of analysts have recently issued reports on the company. William Blair downgraded Terminix Global from an “outperform” rating to a “market perform” rating in a research report on Monday, January 10th. Morgan Stanley dropped their target price on Terminix Global from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 5th. Zacks Investment Research downgraded Terminix Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 6th. Finally, Robert W. Baird downgraded Terminix Global from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $57.00 to $44.00 in a research report on Thursday, October 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.80.

Terminix Global Profile

Terminix Global Holdings, Inc engages in the provision of residential and commercial services. It offers residential and commercial termite and pest control, national accounts pest control services, restoration, commercial cleaning, residential cleaning, cabinet and furniture repair, and home inspections.

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Institutional Ownership by Quarter for Terminix Global (NYSE:TMX)

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