Olstein Capital Management L.P. reduced its position in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 46.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 129,650 shares of the business services provider’s stock after selling 111,430 shares during the period. Olstein Capital Management L.P. owned 0.10% of ServiceMaster Global Holdings worth $6,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Longview Partners Guernsey LTD increased its stake in shares of ServiceMaster Global Holdings by 4.6% in the 3rd quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock valued at $443,514,000 after buying an additional 417,782 shares during the period. JPMorgan Chase & Co. grew its stake in shares of ServiceMaster Global Holdings by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 2,463,249 shares of the business services provider’s stock worth $96,535,000 after purchasing an additional 94,580 shares during the period. Princeton Portfolio Strategies Group LLC grew its stake in shares of ServiceMaster Global Holdings by 8.7% during the second quarter. Princeton Portfolio Strategies Group LLC now owns 171,755 shares of the business services provider’s stock worth $6,731,000 after purchasing an additional 13,710 shares during the period. BT Investment Management Ltd acquired a new stake in shares of ServiceMaster Global Holdings during the second quarter worth $864,000. Finally, Stevens Capital Management LP acquired a new stake in shares of ServiceMaster Global Holdings during the second quarter worth $941,000.

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ServiceMaster Global Holdings, Inc. (NYSE:SERV) traded up $0.92 during mid-day trading on Wednesday, reaching $47.37. The company’s stock had a trading volume of 1,301,600 shares, compared to its average volume of 944,302. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $6,272.08, a price-to-earnings ratio of 21.11 and a beta of 1.00. ServiceMaster Global Holdings, Inc. has a 52-week low of $36.34 and a 52-week high of $48.48.

ServiceMaster Global Holdings (NYSE:SERV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.12. The firm had revenue of $797.00 million for the quarter, compared to analyst estimates of $795.41 million. ServiceMaster Global Holdings had a return on equity of 40.22% and a net margin of 8.16%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. sell-side analysts expect that ServiceMaster Global Holdings, Inc. will post 2.09 earnings per share for the current year.

A number of brokerages recently commented on SERV. Zacks Investment Research raised ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $46.00 price objective on shares of ServiceMaster Global Holdings in a research note on Monday. Morgan Stanley lifted their price objective on ServiceMaster Global Holdings from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. began 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. Finally, Rowe began 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. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.00.

In other news, CAO John Patrick Mullen sold 3,646 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $46.47, for a total value of $169,429.62. Following the sale, the chief accounting officer now directly owns 3,280 shares in the company, valued at $152,421.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mary Kay Wegner sold 6,562 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total value of $309,267.06. Following the completion of the sale, the insider now owns 6,562 shares in the company, valued at $309,267.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,208 shares of company stock worth $708,197. Corporate insiders own 1.20% of the company’s stock.

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)

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