Olstein Capital Management L.P. boosted its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 29.2% during the second quarter, Holdings Channel reports. The institutional investor owned 241,080 shares of the business services provider’s stock after buying an additional 54,500 shares during the period. ServiceMaster Global Holdings comprises 1.2% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 24th largest position. Olstein Capital Management L.P.’s holdings in ServiceMaster Global Holdings were worth $9,448,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SERV. BlackRock Inc. raised its position in shares of ServiceMaster Global Holdings by 31,635.5% in the first quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock valued at $232,730,000 after buying an additional 5,556,779 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of ServiceMaster Global Holdings during the first quarter valued at approximately $93,086,000. Marshall Wace North America L.P. purchased a new position in shares of ServiceMaster Global Holdings during the first quarter valued at approximately $93,086,000. FMR LLC raised its position in shares of ServiceMaster Global Holdings by 6.9% in the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock valued at $647,423,000 after buying an additional 997,837 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of ServiceMaster Global Holdings by 6.2% in the first quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock valued at $593,365,000 after buying an additional 831,991 shares in the last quarter.

Shares of ServiceMaster Global Holdings, Inc. (SERV) opened at 44.74 on Tuesday. The company has a market capitalization of $5.97 billion, a P/E ratio of 27.28 and a beta of 1.05. ServiceMaster Global Holdings, Inc. has a 12-month low of $32.41 and a 12-month high of $45.31. The company has a 50-day moving average price of $41.11 and a 200 day moving average price of $39.66.

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

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Several equities analysts have commented on SERV shares. J P Morgan Chase & Co started coverage on ServiceMaster Global Holdings in a research report on Thursday, April 20th. They set an “overweight” rating and a $49.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global Holdings in a research report on Tuesday, June 27th. Morgan Stanley reissued an “overweight” rating and set a $48.00 price objective on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. BidaskClub downgraded ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Instinet raised their price target on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a report on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.57.

In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 45,623 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $44.48, for a total value of $2,029,311.04. Following the completion of the sale, the insider now directly owns 29,833 shares in the company, valued at $1,326,971.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value 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 $247,396.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,220,655 shares of company stock valued at $52,114,728. 1.20% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for ServiceMaster Global Holdings (NYSE:SERV)

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