ServiceMaster Global Holdings, Inc. (SERV) Stake Increased by Princeton Portfolio Strategies Group LLC

Princeton Portfolio Strategies Group LLC raised its position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,045 shares of the business services provider’s stock after buying an additional 2,125 shares during the period. ServiceMaster Global Holdings accounts for 2.0% of Princeton Portfolio Strategies Group LLC’s portfolio, making the stock its 11th largest position. Princeton Portfolio Strategies Group LLC owned 0.12% of ServiceMaster Global Holdings worth $6,598,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. FMR LLC boosted its position in shares of ServiceMaster Global Holdings by 74.1% in the fourth quarter. FMR LLC now owns 14,509,297 shares of the business services provider’s stock worth $546,565,000 after buying an additional 6,173,032 shares during the last quarter. Janus Capital Management LLC increased its position in shares of ServiceMaster Global Holdings by 18.0% in the fourth quarter. Janus Capital Management LLC now owns 13,380,331 shares of the business services provider’s stock worth $504,037,000 after buying an additional 2,044,353 shares in the last quarter. Norges Bank acquired a new position in shares of ServiceMaster Global Holdings during the fourth quarter worth $47,770,000. Incline Global Management LLC acquired a new position in shares of ServiceMaster Global Holdings during the third quarter worth $38,720,000. Finally, Arrowpoint Asset Management LLC increased its position in shares of ServiceMaster Global Holdings by 21.0% in the fourth quarter. Arrowpoint Asset Management LLC now owns 3,641,539 shares of the business services provider’s stock worth $137,177,000 after buying an additional 631,063 shares in the last quarter.

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

ServiceMaster Global Holdings, Inc. (NYSE:SERV) traded down 1.93% during mid-day trading on Tuesday, hitting $39.17. 261,419 shares of the company were exchanged. The company’s 50-day moving average is $38.12 and its 200 day moving average is $38.81. ServiceMaster Global Holdings, Inc. has a 12-month low of $32.41 and a 12-month high of $42.45. The company has a market capitalization of $5.25 billion, a P/E ratio of 34.66 and a beta of 1.02.

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 Thomson Reuters’ consensus estimate of $0.38 by $0.04. ServiceMaster Global Holdings had a return on equity of 43.03% and a net margin of 5.61%. The company had revenue of $643 million during the quarter, compared to analysts’ expectations of $638.52 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that ServiceMaster Global Holdings, Inc. will post $2.14 EPS for the current year.

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A number of analysts have weighed in on the company. Instinet boosted their price target on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a research report on Thursday, May 25th. Piper Jaffray Companies restated an “overweight” rating and set a $49.00 price target on shares of ServiceMaster Global Holdings in a research note on Thursday, April 6th. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, March 9th. Finally, J P Morgan Chase & Co initiated coverage on ServiceMaster Global Holdings in a research note on Thursday, April 20th. They issued an “overweight” rating and a $49.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. ServiceMaster Global Holdings presently has an average rating of “Hold” and a consensus price target of $42.00.

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.

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