Capital Research Global Investors boosted its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,228,000 shares of the business services provider’s stock after buying an additional 393,000 shares during the period. Capital Research Global Investors owned 6.92% of ServiceMaster Global Holdings worth $361,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of ServiceMaster Global Holdings during the first quarter worth about $100,000. FNY Partners Fund LP acquired a new position in shares of ServiceMaster Global Holdings during the 1st quarter worth about $104,000. Cannell Capital LLC acquired a new position in shares of ServiceMaster Global Holdings during the 1st quarter worth about $179,000. BNP Paribas Arbitrage SA boosted its position in shares of ServiceMaster Global Holdings by 117.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after acquiring an additional 2,466 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of ServiceMaster Global Holdings during the 1st quarter worth about $203,000.

In other ServiceMaster Global Holdings 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 transaction, the insider now directly owns 29,833 shares in the company, valued at $1,326,971.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert J. Gillette sold 1,142,961 shares of the business’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 completion of the sale, the chief executive officer now directly owns 642,022 shares of the company’s stock, valued at approximately $27,337,296.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,225,655 shares of company stock worth $52,344,228. 1.20% of the stock is currently owned by company insiders.

Shares of ServiceMaster Global Holdings, Inc. (SERV) traded down 0.1124% on Wednesday, hitting $46.6375. The company had a trading volume of 86,177 shares. The company has a 50 day moving average of $46.48 and a 200-day moving average of $41.57. ServiceMaster Global Holdings, Inc. has a 12-month low of $32.41 and a 12-month high of $48.48. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 28.4375 and a beta of 1.02.

ServiceMaster Global Holdings (NYSE:SERV) last issued its earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The company had revenue of $807.00 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%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. On average, analysts forecast that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current year.

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Several equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $44.00 price target on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Morgan Stanley reissued an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. BidaskClub lowered shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $52.00 target price (up from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $51.00 price target on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. ServiceMaster Global Holdings has an average rating of “Buy” and a consensus target price of $49.30.

About ServiceMaster Global Holdings

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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