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.
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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.
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