ServiceMaster Global Holdings, Inc. (SERV) Stake Increased by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL grew its holdings in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 48.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,100 shares of the business services provider’s stock after purchasing an additional 11,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in ServiceMaster Global Holdings were worth $1,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of ServiceMaster Global Holdings in the first quarter valued at approximately $100,000. FNY Partners Fund LP bought a new stake in shares of ServiceMaster Global Holdings in the first quarter valued at approximately $104,000. Cannell Capital LLC bought a new stake in shares of ServiceMaster Global Holdings in the first quarter valued at approximately $179,000. BNP Paribas Arbitrage SA raised its position in shares of ServiceMaster Global Holdings by 117.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 2,466 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of ServiceMaster Global Holdings in the first quarter valued at approximately $203,000.

In other ServiceMaster Global Holdings news, CEO Robert J. Gillette sold 1,142,961 shares of ServiceMaster Global Holdings stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total transaction of $48,667,279.38. Following the completion of the transaction, the chief executive officer now directly owns 642,022 shares of the company’s stock, valued at $27,337,296.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James T. Lucke sold 9,230 shares of ServiceMaster Global Holdings stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total transaction of $403,997.10. The disclosure for this sale can be found here. Insiders sold 1,225,655 shares of company stock worth $52,344,228 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

ServiceMaster Global Holdings, Inc. (SERV) traded down 0.15% during trading on Friday, reaching $46.68. 2,027,211 shares of the company’s stock were exchanged. ServiceMaster Global Holdings, Inc. has a 12-month low of $32.41 and a 12-month high of $47.52. The stock’s 50-day moving average is $45.33 and its 200-day moving average is $40.92. The company has a market cap of $6.23 billion, a P/E ratio of 28.46 and a beta of 1.04.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The firm had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $806.64 million. During the same quarter last year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts predict that ServiceMaster Global Holdings, Inc. will post $2.04 EPS for the current fiscal year.

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A number of analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $51.00 target price on shares of ServiceMaster Global Holdings in a report on Tuesday. Instinet upped their target price on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a report on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 target price on shares of ServiceMaster Global Holdings in a report on Friday. Credit Suisse Group reaffirmed an “outperform” rating and set a $52.00 target price (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Finally, BidaskClub raised shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. ServiceMaster Global Holdings currently has an average rating of “Hold” and a consensus price target of $44.50.

About ServiceMaster Global Holdings

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.

Institutional Ownership by Quarter for ServiceMaster Global Holdings (NYSE:SERV)

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