Servicemaster Global Holdings Inc (NYSE:SERV) SVP James T. Lucke sold 16,737 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 5,691 shares in the company, valued at approximately $294,224.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Servicemaster Global Holdings Inc (SERV) opened at $50.87 on Wednesday. The stock has a market capitalization of $6,979.80, a P/E ratio of 24.45 and a beta of 0.95. Servicemaster Global Holdings Inc has a 12 month low of $36.34 and a 12 month high of $55.36. 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 (NYSE:SERV) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $665.27 million. Servicemaster Global had a return on equity of 33.21% and a net margin of 17.51%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. equities analysts forecast that Servicemaster Global Holdings Inc will post 2.57 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in Servicemaster Global by 5.9% during the 3rd quarter. Wells Fargo & Company MN now owns 121,043 shares of the business services provider’s stock valued at $5,656,000 after purchasing an additional 6,742 shares during the period. Beacon Investment Advisory Services Inc. bought a new stake in Servicemaster Global during the 3rd quarter valued at approximately $5,916,000. Canada Pension Plan Investment Board raised its stake in Servicemaster Global by 189.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 34,200 shares of the business services provider’s stock valued at $1,598,000 after purchasing an additional 22,400 shares during the period. Legal & General Group Plc increased its stake 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 acquiring an additional 10,656 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Servicemaster Global by 653.6% in the 2nd quarter. Royal Bank of Canada now owns 7,950 shares of the business services provider’s stock worth $311,000 after acquiring an additional 6,895 shares during the last quarter.
Several research firms have recently commented on SERV. Zacks Investment Research raised Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Saturday, March 3rd. ValuEngine raised Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Morgan Stanley decreased their price objective on Servicemaster Global from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Nomura decreased their price objective on Servicemaster Global from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Finally, Instinet raised Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. Servicemaster Global has an average rating of “Buy” and a consensus price target of $53.08.
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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.
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