James T. Lucke Sells 42,000 Shares of ServiceMaster Global Holdings Inc. (SERV) Stock
ServiceMaster Global Holdings Inc. (NYSE:SERV) SVP James T. Lucke sold 42,000 shares of ServiceMaster Global Holdings stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $37.64, for a total transaction of $1,580,880.00. Following the completion of the sale, the senior vice president now directly owns 51,230 shares in the company, valued at approximately $1,928,297.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ServiceMaster Global Holdings Inc. (NYSE:SERV) opened at 38.38 on Thursday. The company’s 50-day moving average is $35.60 and its 200-day moving average is $37.13. ServiceMaster Global Holdings Inc. has a 12-month low of $32.41 and a 12-month high of $42.21. The stock has a market cap of $5.17 billion, a P/E ratio of 37.59 and a beta of 1.06.
ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.59 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.59. The firm had revenue of $758 million for the quarter, compared to the consensus estimate of $758 million. ServiceMaster Global Holdings had a net margin of 5.23% and a return on equity of 44.95%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, analysts expect that ServiceMaster Global Holdings Inc. will post $2.00 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on SERV. Nomura lowered their target price on shares of ServiceMaster Global Holdings from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Zacks Investment Research downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley began coverage on shares of ServiceMaster Global Holdings in a report on Monday, August 1st. They issued an “overweight” rating and a $45.00 target price on the stock. Finally, TheStreet downgraded shares of ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. ServiceMaster Global Holdings currently has a consensus rating of “Hold” and a consensus price target of $42.86.
Several hedge funds have recently modified their holdings of the company. Longview Partners Guernsey LTD boosted its stake in shares of ServiceMaster Global Holdings by 232.1% in the third quarter. Longview Partners Guernsey LTD now owns 9,163,419 shares of the company’s stock worth $308,624,000 after buying an additional 6,403,781 shares during the period. Scopia Capital Management LP acquired a new stake in shares of ServiceMaster Global Holdings during the third quarter worth $115,748,000. Capital Research Global Investors boosted its stake in shares of ServiceMaster Global Holdings by 70.4% in the second quarter. Capital Research Global Investors now owns 8,191,000 shares of the company’s stock worth $326,002,000 after buying an additional 3,385,000 shares during the period. BlueMountain Capital Management LLC boosted its stake in shares of ServiceMaster Global Holdings by 15,134.2% in the second quarter. BlueMountain Capital Management LLC now owns 2,773,385 shares of the company’s stock worth $110,381,000 after buying an additional 2,755,180 shares during the period. Finally, Incline Global Management LLC acquired a new stake in shares of ServiceMaster Global Holdings during the third quarter worth $38,720,000.
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About ServiceMaster Global Holdings
ServiceMaster Global Holdings, Inc is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group.
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