Canada Pension Plan Investment Board cut its position in Servicemaster Global Holdings Inc (NYSE:SERV) by 11.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,000 shares of the business services provider’s stock after selling 19,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Servicemaster Global were worth $9,677,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Marshall Wace LLP grew its holdings in shares of Servicemaster Global by 3.3% during the 2nd quarter. Marshall Wace LLP now owns 34,190 shares of the business services provider’s stock valued at $2,033,000 after purchasing an additional 1,107 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in Servicemaster Global by 1.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 76,741 shares of the business services provider’s stock worth $4,564,000 after acquiring an additional 1,115 shares during the last quarter. Swiss National Bank grew its holdings in Servicemaster Global by 0.6% during the 3rd quarter. Swiss National Bank now owns 236,207 shares of the business services provider’s stock worth $14,652,000 after acquiring an additional 1,300 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in Servicemaster Global by 7.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 19,011 shares of the business services provider’s stock worth $1,179,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in Servicemaster Global by 1.4% during the 3rd quarter. Gabelli Funds LLC now owns 104,600 shares of the business services provider’s stock worth $6,488,000 after acquiring an additional 1,400 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

SERV opened at $42.68 on Friday. Servicemaster Global Holdings Inc has a fifty-two week low of $32.89 and a fifty-two week high of $45.64. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.09 and a current ratio of 1.15. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81.

Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.12). Servicemaster Global had a net margin of 16.61% and a return on equity of 23.65%. The firm had revenue of $873.00 million during the quarter, compared to the consensus estimate of $865.00 million. During the same period in the prior year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Servicemaster Global Holdings Inc will post 2.11 EPS for the current fiscal year.

In other news, insider Matthew Stevenson sold 2,562 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $44.20, for a total value of $113,240.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Servicemaster Global from a “strong sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada assumed coverage on shares of Servicemaster Global in a report on Monday, November 19th. They set a “sector perform” rating and a $46.00 target price on the stock. Goldman Sachs Group assumed coverage on shares of Servicemaster Global in a report on Wednesday, November 14th. They set a “neutral” rating and a $44.00 target price on the stock. Morgan Stanley set a $39.00 target price on shares of Servicemaster Global and gave the stock a “hold” rating in a report on Wednesday, November 7th. Finally, Oppenheimer set a $47.00 target price on shares of Servicemaster Global and gave the stock a “buy” rating in a report on Tuesday, November 6th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.00.

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About Servicemaster Global

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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Institutional Ownership by Quarter for Servicemaster Global (NYSE:SERV)

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