TIAA CREF Investment Management LLC increased its position in Servicemaster Global Holdings Inc (NYSE:SERV) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 850,300 shares of the business services provider’s stock after buying an additional 33,597 shares during the quarter. TIAA CREF Investment Management LLC owned 0.63% of Servicemaster Global worth $43,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Servicemaster Global by 5.9% in the 3rd quarter. Wells Fargo & Company MN now owns 121,043 shares of the business services provider’s stock worth $5,656,000 after buying an additional 6,742 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in Servicemaster Global in the 3rd quarter worth approximately $5,916,000. Legal & General Group Plc lifted its position in Servicemaster Global by 14.2% in the 3rd quarter. Legal & General Group Plc now owns 85,842 shares of the business services provider’s stock worth $4,012,000 after buying an additional 10,656 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Servicemaster Global by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 522,459 shares of the business services provider’s stock worth $24,414,000 after buying an additional 12,701 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in Servicemaster Global in the 3rd quarter worth approximately $3,350,000.

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SERV has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Servicemaster Global from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Servicemaster Global from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, February 2nd. Instinet upgraded Servicemaster Global from a “reduce” rating to a “buy” rating in a research report on Thursday, February 15th. Nomura upgraded Servicemaster Global from a “reduce” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $69.00 in a research report on Thursday, February 15th. Finally, William Blair started coverage on Servicemaster Global in a research report on Monday, January 29th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Servicemaster Global currently has a consensus rating of “Buy” and a consensus price target of $53.08.

In other news, Director Naren K. Gursahaney purchased 2,000 shares of Servicemaster Global stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average cost of $50.20 per share, with a total value of $100,400.00. Following the completion of the purchase, the director now directly owns 2,976 shares in the company, valued at $149,395.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James T. Lucke sold 16,737 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $51.70, for a total value of $865,302.90. Following the completion of the sale, the senior vice president now directly owns 5,691 shares in the company, valued at $294,224.70. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Servicemaster Global Holdings Inc (NYSE SERV) opened at $49.98 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.02 and a current ratio of 1.06. Servicemaster Global Holdings Inc has a 12 month low of $36.34 and a 12 month high of $55.36. The stock has a market capitalization of $6,890.52, a P/E ratio of 24.14 and a beta of 0.95.

Servicemaster Global (NYSE:SERV) last posted its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $666.00 million for the quarter, compared to analysts’ expectations of $665.27 million. Servicemaster Global had a return on equity of 33.21% and a net margin of 17.51%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. sell-side analysts anticipate that Servicemaster Global Holdings Inc will post 2.57 EPS for the current fiscal year.

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Servicemaster Global Company 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.

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

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