Benin Management Increased Its Holding in United Parcel Service (UPS) by $5.14 Million; Petrus Trust Company Lta Decreased Holding in Servicemaster Global Hldgs I (SERV) by $4.32 Million

January 20, 2018 - By Migdalia James

Benin Management Corp increased its stake in United Parcel Service Inc (UPS) by 77.64% based on its latest 2017Q3 regulatory filing with the SEC. Benin Management Corp bought 42,865 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 98,076 shares of the transportation company at the end of 2017Q3, valued at $11.78 million, up from 55,211 at the end of the previous reported quarter. Benin Management Corp who had been investing in United Parcel Service Inc for a number of months, seems to be bullish on the $114.68B market cap company. The stock decreased 0.38% or $0.51 during the last trading session, reaching $133.08. About 3.89 million shares traded or 25.82% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since January 20, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Petrus Trust Company Lta decreased its stake in Servicemaster Global Hldgs I (SERV) by 36.16% based on its latest 2017Q3 regulatory filing with the SEC. Petrus Trust Company Lta sold 94,000 shares as the company’s stock declined 4.48% while stock markets rallied. The institutional investor held 165,958 shares of the consumer services company at the end of 2017Q3, valued at $7.76 million, down from 259,958 at the end of the previous reported quarter. Petrus Trust Company Lta who had been investing in Servicemaster Global Hldgs I for a number of months, seems to be less bullish one the $7.20 billion market cap company. The stock increased 0.95% or $0.5 during the last trading session, reaching $53.34. About 490,774 shares traded. ServiceMaster Global Holdings, Inc. (NYSE:SERV) has risen 0.99% since January 20, 2017 and is uptrending. It has underperformed by 15.71% the S&P500.

Among 10 analysts covering ServiceMaster (NYSE:SERV), 6 have Buy rating, 2 Sell and 2 Hold. Therefore 60% are positive. ServiceMaster had 24 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, September 15 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) has “Buy” rating given on Tuesday, August 1 by RBC Capital Markets. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) earned “Reduce” rating by Nomura on Friday, November 3. Robert W. Baird maintained the shares of SERV in report on Tuesday, October 31 with “Hold” rating. The rating was maintained by RBC Capital Markets on Wednesday, August 5 with “Sector Perform”. The firm has “Hold” rating given on Monday, September 11 by Robert W. Baird. On Friday, March 11 the stock rating was downgraded by Robert W. Baird to “Neutral”. The stock has “Hold” rating by RBC Capital Markets on Monday, November 20. As per Friday, April 7, the company rating was maintained by Piper Jaffray. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) earned “Overweight” rating by Morgan Stanley on Monday, October 23.

Petrus Trust Company Lta, which manages about $422.10 million US Long portfolio, upped its stake in Apogee Enterprises Inc (NASDAQ:APOG) by 8,691 shares to 12,353 shares, valued at $596,000 in 2017Q3, according to the filing. It also increased its holding in Altaba Inc by 9,300 shares in the quarter, for a total of 323,602 shares, and has risen its stake in Lifetime Brands Inc (NASDAQ:LCUT).

Analysts await ServiceMaster Global Holdings, Inc. (NYSE:SERV) to report earnings on February, 22. They expect $0.34 earnings per share, down 22.73% or $0.10 from last year’s $0.44 per share. SERV’s profit will be $45.91 million for 39.22 P/E if the $0.34 EPS becomes a reality. After $0.73 actual earnings per share reported by ServiceMaster Global Holdings, Inc. for the previous quarter, Wall Street now forecasts -53.42% negative EPS growth.

Among 22 analysts covering United Parcel Service (NYSE:UPS), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. United Parcel Service had 57 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Buy” rating given on Wednesday, February 8 by Aegis Capital. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Robert W. Baird on Thursday, August 24. The firm earned “Market Perform” rating on Friday, October 27 by BMO Capital Markets. The rating was maintained by Deutsche Bank with “Buy” on Monday, January 8. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, October 27. The company was maintained on Tuesday, September 5 by BMO Capital Markets. The company was initiated on Tuesday, December 20 by Loop Capital. On Wednesday, July 5 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Hold” rating by Cowen & Co on Monday, August 21. UBS maintained the shares of UPS in report on Friday, October 27 with “Neutral” rating.

Benin Management Corp, which manages about $278.88M and $248.13 million US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 3,400 shares to 15,101 shares, valued at $1.44M in 2017Q3, according to the filing. It also reduced its holding in Hartford Finl Svcs Group Inc (NYSE:HIG) by 8,445 shares in the quarter, leaving it with 189,996 shares, and cut its stake in Fedex Corp (NYSE:FDX).