Pitcairn Co. reduced its position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,565 shares of the business services provider’s stock after selling 310 shares during the period. Pitcairn Co.’s holdings in ServiceMaster Global Holdings were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SERV. Russell Investments Group Ltd. acquired a new position in ServiceMaster Global Holdings during the fourth quarter worth $169,000. Teachers Advisors LLC increased its position in ServiceMaster Global Holdings by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 152,005 shares of the business services provider’s stock worth $5,726,000 after buying an additional 9,502 shares during the period. State of Alaska Department of Revenue acquired a new position in ServiceMaster Global Holdings during the first quarter worth $288,000. Dalton Greiner Hartman Maher & Co. increased its position in ServiceMaster Global Holdings by 3.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 541,924 shares of the business services provider’s stock worth $22,625,000 after buying an additional 16,057 shares during the period. Finally, Dudley & Shanley LLC increased its position in ServiceMaster Global Holdings by 7.9% in the first quarter. Dudley & Shanley LLC now owns 520,900 shares of the business services provider’s stock worth $21,748,000 after buying an additional 38,100 shares during the period.

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) opened at 44.74 on Tuesday. ServiceMaster Global Holdings, Inc. has a 52 week low of $32.41 and a 52 week high of $45.31. The firm has a market cap of $5.97 billion, a PE ratio of 27.28 and a beta of 1.05. The firm has a 50-day moving average of $41.11 and a 200-day moving average of $39.66.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.69. The business had revenue of $807 million during the quarter, compared to analyst estimates of $806.64 million. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. ServiceMaster Global Holdings’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. On average, analysts expect that ServiceMaster Global Holdings, Inc. will post $2.04 EPS for the current year.

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A number of research analysts recently weighed in on SERV shares. J P Morgan Chase & Co started coverage on shares of ServiceMaster Global Holdings in a research report on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price for the company. Instinet raised their target price on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a research report on Thursday, May 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. ServiceMaster Global Holdings currently has a consensus rating of “Hold” and a consensus target price of $43.57.

In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 45,623 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the completion of the sale, the insider now owns 29,833 shares in the company, valued at approximately $1,326,971.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James T. Lucke sold 9,230 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were 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 have sold a total of 1,220,655 shares of company stock valued at $52,114,728 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

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

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