Principal Financial Group Inc. raised its holdings in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 84.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,905 shares of the business services provider’s stock after buying an additional 9,546 shares during the quarter. Principal Financial Group Inc.’s holdings in ServiceMaster Global were worth $977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SERV. Bank of Montreal Can increased its holdings in shares of ServiceMaster Global by 11.1% during the second quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock valued at $260,000 after acquiring an additional 659 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of ServiceMaster Global by 719.1% during the second quarter. Russell Investments Group Ltd. now owns 21,592 shares of the business services provider’s stock valued at $846,000 after acquiring an additional 18,956 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of ServiceMaster Global during the second quarter valued at approximately $471,000. Schwab Charles Investment Management Inc. increased its holdings in shares of ServiceMaster Global by 6.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 622,537 shares of the business services provider’s stock valued at $24,398,000 after acquiring an additional 38,087 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of ServiceMaster Global by 39.2% during the second quarter. First Trust Advisors LP now owns 203,378 shares of the business services provider’s stock valued at $7,970,000 after acquiring an additional 57,295 shares in the last quarter.

Shares of ServiceMaster Global Holdings, Inc. (SERV) traded up $0.62 during trading on Thursday, reaching $50.34. The company had a trading volume of 929,600 shares, compared to its average volume of 918,395. ServiceMaster Global Holdings, Inc. has a 1-year low of $36.34 and a 1-year high of $51.10. The company has a market capitalization of $6,713.62, a P/E ratio of 22.60 and a beta of 1.00. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.99.

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

In other ServiceMaster Global news, insider Mary Kay Wegner sold 6,562 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total value of $309,267.06. Following the transaction, the insider now owns 6,562 shares of the company’s stock, valued at $309,267.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP James T. Lucke sold 21,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $50.24, for a total value of $1,055,040.00. Following the completion of the transaction, the senior vice president now directly owns 21,000 shares in the company, valued at approximately $1,055,040. The disclosure for this sale can be found here. Insiders have sold 32,464 shares of company stock valued at $1,596,901 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

SERV has been the subject of several recent research reports. Zacks Investment Research upgraded ServiceMaster Global 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. Royal Bank of Canada restated a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global in a report on Friday, September 15th. Morgan Stanley set a $52.00 price objective on ServiceMaster Global and gave the company a “buy” rating in a report on Monday, October 23rd. Robert W. Baird restated a “hold” rating and set a $51.00 price objective on shares of ServiceMaster Global in a report on Tuesday, September 12th. Finally, BidaskClub upgraded ServiceMaster Global from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. ServiceMaster Global has a consensus rating of “Hold” and a consensus price target of $49.00.

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ServiceMaster Global 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 (NYSE:SERV)

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