What Did This CEO Just Do with Personal Shares of Servicemaster Global Holdings (NYSE: SERV)?

By Carrie Williams

Today, the CEO of Servicemaster Global Holdings (NYSE: SERV), Robert Gillette, sold shares of SERV for $12.52M.

This is Gillette’s first Sell trade following 4 Buy transactions. Following Robert Gillette’s last SERV Sell transaction on September 14, 2016, the stock climbed by 0.8%.

Based on Servicemaster Global Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $758 million and quarterly net profit of $70 million. In comparison, last year the company earned revenue of $706 million and had a net profit of $50 million. The company has a one year high of $42.21 and a one year low of $32.41. SERV’s market cap is $4.9B and the company has a P/E ratio of 35.87.

The insider sentiment on Servicemaster Global Holdings has been neutral according to 32 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

ServiceMaster Global Holdings, Inc. is a holding company, which engages in the provision of residential and commercial services. It operates through the following segments: Terminix, American Home Shield, and Franchise Services Group. The Terminix segment provides termite and pest control services to residential and commercial customers and distributes pest control products. The American Home Shield segment offers home warranties for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration, janitorial and cleaning services through franchises primarily under the ServiceMaster, ServiceMaster Restore and ServiceMaster Clean brand names, home cleaning services through franchises and company-owned locations primarily under the Merry Maids brand name, on-site wood furniture repair and restoration services primarily under the Furniture Medic brand name, and home inspection services primarily under the AmeriSpec brand name. The company was founded by Marion W. Wade in 1929 and is headquartered in Memphis, TN.