K.J. Harrison & Partners Inc Invests $935,000 in ServiceMaster Global Holdings, Inc. (SERV) Stock

K.J. Harrison & Partners Inc bought a new position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,000 shares of the business services provider’s stock, valued at approximately $935,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FNY Partners Fund LP purchased a new stake in ServiceMaster Global Holdings during the 1st quarter worth approximately $104,000. Goldman Sachs Group Inc. increased its stake in ServiceMaster Global Holdings by 8.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 317,220 shares of the business services provider’s stock worth $13,244,000 after buying an additional 25,882 shares during the period. JPMorgan Chase & Co. increased its stake in ServiceMaster Global Holdings by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,463,249 shares of the business services provider’s stock worth $96,535,000 after buying an additional 94,580 shares during the period. Alliancebernstein L.P. increased its stake in ServiceMaster Global Holdings by 13.0% during the 1st quarter. Alliancebernstein L.P. now owns 84,843 shares of the business services provider’s stock worth $3,542,000 after buying an additional 9,733 shares during the period. Finally, BT Investment Management Ltd purchased a new stake in ServiceMaster Global Holdings during the 2nd quarter worth approximately $864,000.

In other news, CEO Robert J. Gillette sold 1,142,961 shares of ServiceMaster Global Holdings stock in a transaction that occurred 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 sale, the chief executive officer now owns 642,022 shares in the company, valued at $27,337,296.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy M. Haynes sold 45,623 shares of ServiceMaster Global Holdings stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the sale, the insider now owns 29,833 shares in the company, valued at approximately $1,326,971.84. The disclosure for this sale can be found here. Insiders have sold 1,225,655 shares of company stock worth $52,344,228 in the last quarter. Insiders own 1.20% of the company’s stock.

Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) traded up 4.77% during midday trading on Tuesday, hitting $46.36. 824,123 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $46.85 and its 200-day moving average is $42.40. ServiceMaster Global Holdings, Inc. has a 1-year low of $34.98 and a 1-year high of $48.48. The stock has a market cap of $6.19 billion, a PE ratio of 28.27 and a beta of 1.02.

ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $795.41 million. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts predict that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “K.J. Harrison & Partners Inc Invests $935,000 in ServiceMaster Global Holdings, Inc. (SERV) Stock” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/10/31/k-j-harrison-partners-inc-invests-935000-in-servicemaster-global-holdings-inc-serv-stock.html.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada downgraded shares of ServiceMaster Global Holdings from an “outperform” rating to a “sector perform” rating and set a $44.00 target price on the stock. in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Morgan Stanley set a $52.00 target price on shares of ServiceMaster Global Holdings and gave the stock a “buy” rating in a research note on Monday, October 23rd. BidaskClub downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, CIBC assumed coverage on shares of ServiceMaster Global Holdings in a research note on Wednesday, September 20th. They set an “outperform” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.64.

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.

Want to see what other hedge funds are holding SERV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceMaster Global Holdings, Inc. (NYSE:SERV).

Institutional Ownership 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