Schwab Charles Investment Management Inc. Increases Stake in ServiceMaster Global Holdings, Inc. (SERV)

Schwab Charles Investment Management Inc. increased its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 8.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 584,450 shares of the business services provider’s stock after buying an additional 46,043 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.44% of ServiceMaster Global Holdings worth $24,401,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Moody Lynn & Lieberson LLC raised its position in shares of ServiceMaster Global Holdings by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 9,745 shares of the business services provider’s stock valued at $407,000 after buying an additional 29 shares during the period. Utah Retirement Systems raised its position in shares of ServiceMaster Global Holdings by 0.4% in the first quarter. Utah Retirement Systems now owns 24,700 shares of the business services provider’s stock valued at $1,031,000 after buying an additional 100 shares during the period. Pitcairn Co. raised its position in shares of ServiceMaster Global Holdings by 1.3% in the first quarter. Pitcairn Co. now owns 10,875 shares of the business services provider’s stock valued at $454,000 after buying an additional 135 shares during the period. Envestnet Asset Management Inc. raised its position in shares of ServiceMaster Global Holdings by 5.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,597 shares of the business services provider’s stock worth $211,000 after buying an additional 309 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of ServiceMaster Global Holdings by 4.6% in the first quarter. Canada Pension Plan Investment Board now owns 20,500 shares of the business services provider’s stock worth $856,000 after buying an additional 900 shares during the last quarter.

ServiceMaster Global Holdings, Inc. (NYSE SERV) traded down 2.20% during mid-day trading on Friday, hitting $40.39. The company’s stock had a trading volume of 2,486,007 shares. The stock has a market cap of $5.41 billion, a P/E ratio of 35.74 and a beta of 1.01. The company’s 50 day moving average is $39.59 and its 200-day moving average is $39.09. ServiceMaster Global Holdings, Inc. has a 52-week low of $32.41 and a 52-week high of $42.94.

ServiceMaster Global Holdings (NYSE:SERV) last posted its earnings results on Thursday, April 27th. The business services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.04. ServiceMaster Global Holdings had a net margin of 5.61% and a return on equity of 43.03%. The business had revenue of $643 million for the quarter, compared to analyst estimates of $638.52 million. During the same quarter last year, the business earned $0.34 earnings per share. ServiceMaster Global Holdings’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts predict that ServiceMaster Global Holdings, Inc. will post $2.11 EPS for the current fiscal year.

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SERV has been the topic of a number of research reports. Zacks Investment Research raised ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. Piper Jaffray Companies reiterated an “overweight” rating and set a $49.00 price target on shares of ServiceMaster Global Holdings in a report on Thursday, April 6th. J P Morgan Chase & Co assumed coverage on ServiceMaster Global Holdings in a research note on Thursday, April 20th. They issued an “overweight” rating and a $49.00 price objective for the company. Finally, Instinet upped their price objective on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.17.

ServiceMaster Global Holdings 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 Holdings (NYSE:SERV)

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