First Horizon Advisors Inc. reduced its stake in Terminix Global Holdings, Inc. (NYSE: TMX – Get a rating) by 41.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 777 shares of the technology company after selling 561 shares during the quarter. First Horizon Advisors Inc.’s holdings in Terminix Global were worth $36,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also increased or reduced their stakes in the company. Gates Capital Management Inc. increased its holdings in Terminix Global by 18.8% in the fourth quarter. Gates Capital Management Inc. now owns 5,182,045 shares of the technology company worth $234,384,000 after buying an additional 820,829 shares last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Terminix Global by 2.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,250,568 shares of the technology company worth $192,253,000 after buying 107,219 additional shares last quarter. Schroder Investment Management Group increased its holdings in Terminix Global by 32.7% in the fourth quarter. Schroder Investment Management Group now owns 3,265,931 shares of the technology company worth $147,718,000 after buying 805,272 additional shares last quarter. Brown Advisory Inc. increased its stake in Terminix Global by 31.5% in the 1st quarter. Brown Advisory Inc. now owns 3,178,596 shares of the technology company worth $145,031,000 after purchasing an additional 760,849 shares last quarter. Finally, Eaton Vance Management bought a new position in Terminix Global in Q4 worth approximately $93,165,000. 97.75% of the shares are held by institutional investors.
A Wall Street analyst gives his opinion
Separately, Morgan Stanley raised its price target on Terminix Global from $43.00 to $46.00 and gave the stock an “equal weight” rating in a Monday, Aug. 8 research report. Four research analysts rated the stock with a hold rating and one assigned the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.00.
Terminix Global Stock Performance
TMX opened at $44.18 on Friday. The company has a market capitalization of $5.37 billion, a price-earnings ratio of 83.36 and a beta of 0.75. The company has a debt ratio of 0.35, a current ratio of 1.28 and a quick ratio of 1.20. Terminix Global Holdings, Inc. has a 1-year low of $36.30 and a 1-year high of $48.69. The company has a 50-day moving average price of $42.33 and a two-hundred-day moving average price of $43.27.
About Terminix Global
Terminix Global Holdings, Inc provides residential and commercial termite and pest control services. The company offers termite and pest control services, including termite remediation, annual termite inspection and prevention treatments with termite damage repair guarantees, periodic pest control, insulation, crawl space encapsulation, wildlife exclusion and disinfection services.
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