Daiwa Securities Group Inc. Sells 7,029 Shares of Servicemaster Global Holdings Inc (SERV)

Daiwa Securities Group Inc. decreased its stake in Servicemaster Global Holdings Inc (NYSE:SERV) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,163 shares of the business services provider’s stock after selling 7,029 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.06% of Servicemaster Global worth $3,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. ETF Managers Group LLC purchased a new position in shares of Servicemaster Global in the fourth quarter valued at approximately $1,520,000. TD Asset Management Inc. lifted its position in shares of Servicemaster Global by 5.0% in the fourth quarter. TD Asset Management Inc. now owns 189,000 shares of the business services provider’s stock valued at $6,944,000 after acquiring an additional 9,000 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Servicemaster Global by 2.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 164,515 shares of the business services provider’s stock valued at $6,044,000 after acquiring an additional 4,242 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Servicemaster Global by 74.5% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 48,500 shares of the business services provider’s stock valued at $1,782,000 after acquiring an additional 20,700 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in shares of Servicemaster Global by 3.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 464,635 shares of the business services provider’s stock valued at $17,071,000 after acquiring an additional 14,635 shares in the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

In related news, insider Matthew Stevenson sold 2,562 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $44.20, for a total value of $113,240.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

NYSE:SERV opened at $39.49 on Wednesday. Servicemaster Global Holdings Inc has a one year low of $32.93 and a one year high of $45.64. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $5.34 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.67 and a beta of 0.97.

Several equities analysts have recently weighed in on SERV shares. Oppenheimer set a $47.00 target price on Servicemaster Global and gave the company a “buy” rating in a research report on Tuesday, December 11th. Morgan Stanley set a $39.00 target price on Servicemaster Global and gave the company a “hold” rating in a research report on Wednesday, November 7th. Zacks Investment Research upgraded Servicemaster Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Goldman Sachs Group started coverage on Servicemaster Global in a research report on Wednesday, November 14th. They issued a “neutral” rating and a $44.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Servicemaster Global in a research report on Monday, November 19th. They issued a “sector perform” rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Servicemaster Global has a consensus rating of “Hold” and an average price target of $46.67.

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Servicemaster Global Profile

ServiceMaster Global Holdings, Inc provides termite and pest control, cleaning, and restoration services in residential and commercial markets in the United States. The company operates through, Terminix and the Franchise Services Group segments. 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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