BlackRock Inc. decreased its holdings in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,448,937 shares of the business services provider’s stock after selling 125,407 shares during the quarter. BlackRock Inc. owned 4.08% of ServiceMaster Global Holdings worth $213,543,000 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. SG Americas Securities LLC acquired a new position in ServiceMaster Global Holdings in the 1st quarter worth about $100,000. FNY Partners Fund LP acquired a new position in ServiceMaster Global Holdings in the 1st quarter worth about $104,000. Cannell Capital LLC acquired a new position in ServiceMaster Global Holdings in the 1st quarter worth about $179,000. BNP Paribas Arbitrage SA raised its holdings in ServiceMaster Global Holdings by 117.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after purchasing an additional 2,466 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in ServiceMaster Global Holdings in the 1st quarter worth about $203,000.

WARNING: “BlackRock Inc. Has $213.54 Million Position in ServiceMaster Global Holdings, Inc. (SERV)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/08/blackrock-inc-has-213-54-million-position-in-servicemaster-global-holdings-inc-serv.html.

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

SERV has been the subject of a number of analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $51.00 price target on shares of ServiceMaster Global Holdings in a report on Tuesday, September 12th. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Oppenheimer Holdings, Inc. assumed coverage on ServiceMaster Global Holdings in a research note on Wednesday, September 20th. They set an “outperform” rating and a $55.00 price objective for the company. Rowe assumed coverage on ServiceMaster Global Holdings in a research note on Tuesday, September 19th. They set an “outperform” rating and a $55.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global Holdings in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. ServiceMaster Global Holdings presently has a consensus rating of “Buy” and an average price target of $49.55.

Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) opened at 47.31 on Friday. The firm’s 50-day moving average price is $46.70 and its 200 day moving average price is $41.70. ServiceMaster Global Holdings, Inc. has a 1-year low of $32.41 and a 1-year high of $48.48. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 28.85 and a beta of 1.02.

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

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.

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

Receive News & Stock Ratings for ServiceMaster Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceMaster Global Holdings Inc. and related stocks with our FREE daily email newsletter.