CIBC Asset Management Inc purchased a new position in ServiceMaster Global Holdings, Inc. (NYSE:SERV) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,399 shares of the business services provider’s stock, valued at approximately $206,000.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of ServiceMaster Global Holdings by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after purchasing an additional 708 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of ServiceMaster Global Holdings in the 3rd quarter worth $213,000. BNP Paribas Arbitrage SA boosted its position in shares of ServiceMaster Global Holdings by 117.8% in the 2nd 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 last quarter. Aperio Group LLC bought a new position in ServiceMaster Global Holdings during the third quarter worth about $218,000. Finally, SG Americas Securities LLC lifted its holdings in ServiceMaster Global Holdings by 112.7% during the second quarter. SG Americas Securities LLC now owns 5,107 shares of the business services provider’s stock worth $200,000 after acquiring an additional 2,706 shares in the last quarter.

Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) opened at $46.45 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $6,270.00, a PE ratio of 21.11 and a beta of 1.00. ServiceMaster Global Holdings, Inc. has a twelve month low of $36.34 and a twelve month high of $48.48.

ServiceMaster Global Holdings (NYSE:SERV) last released its earnings results 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 business had revenue of $797.00 million for the quarter, compared to the consensus estimate of $795.41 million. ServiceMaster Global Holdings had a return on equity of 40.22% and a net margin of 8.16%. ServiceMaster Global Holdings’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. sell-side analysts anticipate that ServiceMaster Global Holdings, Inc. will post 2.09 EPS for the current year.

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In related news, insider Timothy M. Haynes sold 5,000 shares of ServiceMaster Global Holdings stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $45.90, for a total value of $229,500.00. Following the sale, the insider now owns 22,335 shares of the company’s stock, valued at $1,025,176.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John Patrick Mullen sold 3,646 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $46.47, for a total value of $169,429.62. Following the transaction, the chief accounting officer now directly owns 3,280 shares in the company, valued at approximately $152,421.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,208 shares of company stock worth $708,197. 1.20% of the stock is owned by company insiders.

Several research firms have weighed in on SERV. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Morgan Stanley lifted their target price on ServiceMaster Global Holdings from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating and set a $51.00 target price on shares of ServiceMaster Global Holdings in a report on Tuesday, September 12th. BidaskClub lowered ServiceMaster Global Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Finally, Royal Bank Of Canada reduced their target price on ServiceMaster Global Holdings from $44.00 to $43.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. ServiceMaster Global Holdings has a consensus rating of “Hold” and an average price target of $49.00.

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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