Thompson Siegel & Walmsley LLC Sells 1,700 Shares of ServiceMaster Global Holdings, Inc. (SERV)

Thompson Siegel & Walmsley LLC trimmed its holdings in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,600 shares of the business services provider’s stock after selling 1,700 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in ServiceMaster Global Holdings were worth $768,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new position in ServiceMaster Global Holdings in the 1st quarter worth approximately $100,000. FNY Partners Fund LP acquired a new stake in ServiceMaster Global Holdings in the first quarter worth approximately $104,000. Cannell Capital LLC acquired a new stake in ServiceMaster Global Holdings in the first quarter worth approximately $179,000. BNP Paribas Arbitrage SA lifted its position in ServiceMaster Global Holdings by 117.8% in the second 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 stake in ServiceMaster Global Holdings in the first quarter worth approximately $203,000.

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A number of research firms have weighed in on SERV. Rowe began coverage on ServiceMaster Global Holdings in a research report on Tuesday. They issued an “outperform” rating and a $55.00 target price for the company. Oppenheimer Holdings, Inc. began coverage on ServiceMaster Global Holdings in a research report on Wednesday. They issued an “outperform” rating and a $55.00 target price for the company. CIBC started coverage on ServiceMaster Global Holdings in a research report on Wednesday. They issued an “outperform” rating and a $55.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global Holdings in a research report on Friday, September 15th. Finally, Robert W. Baird reiterated a “hold” rating and set a $51.00 price objective on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $49.00.

Shares of ServiceMaster Global Holdings, Inc. (SERV) opened at 47.91 on Friday. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 29.21 and a beta of 1.04. The stock has a 50 day moving average price of $45.60 and a 200-day moving average price of $41.04. ServiceMaster Global Holdings, Inc. has a 12-month low of $32.41 and a 12-month high of $48.20.

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

In related news, CEO Robert J. Gillette sold 1,142,961 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total transaction of $48,667,279.38. Following the transaction, the chief executive officer now directly owns 642,022 shares of the company’s stock, valued at $27,337,296.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy M. Haynes sold 5,000 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $45.90, for a total transaction of $229,500.00. Following the transaction, the insider now directly owns 22,335 shares in the company, valued at $1,025,176.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,225,655 shares of company stock valued at $52,344,228. 1.20% of the stock is currently owned by corporate insiders.

ServiceMaster Global Holdings 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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