Mary Kay Wegner Sells 22,841 Shares of ServiceMaster Global Holdings, Inc. (SERV) Stock

ServiceMaster Global Holdings, Inc. (NYSE:SERV) insider Mary Kay Wegner sold 22,841 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $44.40, for a total transaction of $1,014,140.40. Following the completion of the sale, the insider now owns 5,572 shares of the company’s stock, valued at approximately $247,396.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) opened at 44.20 on Friday. The stock has a market cap of $5.90 billion, a P/E ratio of 26.95 and a beta of 1.05. The company’s 50-day moving average is $40.97 and its 200-day moving average is $39.58. ServiceMaster Global Holdings, Inc. has a 12-month low of $32.41 and a 12-month high of $45.31.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $807 million for the quarter, compared to analyst estimates of $806.64 million. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. On average, equities research analysts anticipate that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.com-unik.info/2017/08/12/mary-kay-wegner-sells-22841-shares-of-servicemaster-global-holdings-inc-serv-stock.html.

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in ServiceMaster Global Holdings during the first quarter valued at about $100,000. FNY Partners Fund LP bought a new position in ServiceMaster Global Holdings during the first quarter valued at about $104,000. Russell Investments Group Ltd. bought a new position in ServiceMaster Global Holdings during the fourth quarter valued at about $169,000. Cannell Capital LLC bought a new position in ServiceMaster Global Holdings during the first quarter valued at about $179,000. Finally, BNP Paribas Arbitrage SA raised 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 valued at $179,000 after buying an additional 2,466 shares during the period.

Several brokerages have recently commented on SERV. BidaskClub downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. J P Morgan Chase & Co began coverage on shares of ServiceMaster Global Holdings in a report on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price for the company. Credit Suisse Group reiterated an “outperform” rating and issued a $52.00 target price (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.57.

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.

Insider Buying and Selling by Quarter for ServiceMaster Global Holdings (NYSE:SERV)

What are top analysts saying about ServiceMaster Global Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ServiceMaster Global Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit