Suntrust Banks Inc. acquired a new position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,839 shares of the business services provider’s stock, valued at approximately $385,000.

A number of other large investors have also recently made changes to their positions in SERV. BlackRock Inc. raised its holdings in ServiceMaster Global Holdings by 31,635.5% during the 1st quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock worth $232,730,000 after purchasing an additional 5,556,779 shares during the last quarter. Schroder Investment Management Group raised its holdings in ServiceMaster Global Holdings by 225.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,659,624 shares of the business services provider’s stock worth $64,974,000 after purchasing an additional 1,150,259 shares during the last quarter. Janus Capital Management LLC raised its holdings in ServiceMaster Global Holdings by 6.2% during the 1st quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock worth $593,365,000 after purchasing an additional 831,991 shares during the last quarter. Vanguard Group Inc. raised its holdings in ServiceMaster Global Holdings by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 10,436,101 shares of the business services provider’s stock worth $435,707,000 after purchasing an additional 494,133 shares during the last quarter. Finally, Longview Partners Guernsey LTD raised its holdings in ServiceMaster Global Holdings by 5.4% during the 2nd quarter. Longview Partners Guernsey LTD now owns 9,073,199 shares of the business services provider’s stock worth $355,579,000 after purchasing an additional 464,930 shares during the last quarter.

Several analysts have weighed in on the company. BidaskClub cut ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Wednesday, October 4th. CIBC assumed coverage on ServiceMaster Global Holdings in a report on Wednesday, September 20th. They set an “outperform” rating and a $55.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $48.00 price objective on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $52.00 price objective (up from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. ServiceMaster Global Holdings presently has a consensus rating of “Buy” and an average price target of $49.55.

In other news, insider Timothy M. Haynes sold 45,623 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the completion of the transaction, the insider now directly owns 29,833 shares in the company, valued at $1,326,971.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert J. Gillette sold 1,142,961 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $42.58, for a total value of $48,667,279.38. Following the transaction, the chief executive officer now 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 1,225,655 shares of company stock valued at $52,344,228 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

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Shares of ServiceMaster Global Holdings, Inc. (SERV) opened at 47.21 on Friday. The company has a market capitalization of $6.30 billion, a PE ratio of 28.79 and a beta of 1.02. The stock has a 50 day moving average price of $46.98 and a 200-day moving average price of $41.92. ServiceMaster Global Holdings, Inc. has a 52 week low of $32.51 and a 52 week high of $48.48.

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 Zacks’ consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The company had revenue of $807.00 million during the quarter, compared to the consensus estimate of $806.64 million. During the same period last year, the company earned $0.67 earnings per share. The firm’s 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 EPS for the current 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.

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

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