Olstein Capital Management L.P. lessened its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 46.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,650 shares of the business services provider’s stock after selling 111,430 shares during the period. Olstein Capital Management L.P. owned about 0.10% of ServiceMaster Global worth $6,059,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its position in ServiceMaster Global by 1.0% during the second quarter. Teacher Retirement System of Texas now owns 10,727 shares of the business services provider’s stock worth $420,000 after buying an additional 106 shares in the last quarter. Argent Capital Management LLC grew its position in ServiceMaster Global by 2.5% during the second quarter. Argent Capital Management LLC now owns 10,390 shares of the business services provider’s stock worth $407,000 after buying an additional 250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ServiceMaster Global by 7.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,599 shares of the business services provider’s stock worth $219,000 after buying an additional 404 shares in the last quarter. Pacer Advisors Inc. lifted its stake in ServiceMaster Global by 3.0% during the second quarter. Pacer Advisors Inc. now owns 19,764 shares of the business services provider’s stock worth $775,000 after purchasing an additional 572 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in ServiceMaster Global by 11.1% during the second quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock worth $260,000 after purchasing an additional 659 shares during the last quarter.
SERV has been the subject of a number of recent research reports. Nomura increased their price objective on ServiceMaster Global from $36.00 to $39.00 and gave the company a “reduce” rating in a report on Friday, November 3rd. Morgan Stanley set a $52.00 price target on ServiceMaster Global and gave the stock a “buy” rating in a report on Monday, October 23rd. Robert W. Baird reiterated a “hold” rating and set a $51.00 price target on shares of ServiceMaster Global in a report on Tuesday, September 12th. Royal Bank Of Canada decreased their price target on ServiceMaster Global from $44.00 to $43.00 and set a “sector perform” rating for the company in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded ServiceMaster Global from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.00.
Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) opened at $50.24 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12. The company has a market cap of $6,750.08, a P/E ratio of 22.72 and a beta of 1.00. ServiceMaster Global Holdings, Inc. has a 1-year low of $36.34 and a 1-year high of $50.49.
ServiceMaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. ServiceMaster Global had a net margin of 8.16% and a return on equity of 40.22%. The business had revenue of $797.00 million during the quarter, compared to analyst estimates of $795.41 million. During the same period in the previous year, the business earned $0.59 EPS. ServiceMaster Global’s revenue was up 5.1% compared to the same quarter last year. analysts expect that ServiceMaster Global Holdings, Inc. will post 2.09 earnings per share for the current fiscal year.
In other news, insider Mary Kay Wegner sold 6,562 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total transaction of $309,267.06. Following the completion of the transaction, the insider now directly owns 6,562 shares in the company, valued at approximately $309,267.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John Patrick Mullen sold 3,646 shares of ServiceMaster Global stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $46.47, for a total transaction of $169,429.62. Following the sale, the chief accounting officer now directly owns 3,280 shares of the company’s stock, valued at $152,421.60. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
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ServiceMaster Global Company Profile
ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
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