Two Sigma Investments LP trimmed its position in shares of ServiceMaster (NYSE:SERV) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 508,850 shares of the business services provider’s stock after selling 150,685 shares during the period. Two Sigma Investments LP owned approximately 0.38% of ServiceMaster worth $26,089,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SERV. Cerebellum GP LLC acquired a new position in ServiceMaster during the 4th quarter valued at about $131,000. Advisory Services Network LLC acquired a new position in shares of ServiceMaster in the 4th quarter worth approximately $153,000. American International Group Inc. acquired a new position in shares of ServiceMaster in the 4th quarter worth approximately $163,000. M&T Bank Corp acquired a new position in shares of ServiceMaster in the 4th quarter worth approximately $214,000. Finally, Moors & Cabot Inc. acquired a new position in shares of ServiceMaster in the 4th quarter worth approximately $219,000.
In other ServiceMaster news, Director Naren K. Gursahaney bought 2,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average cost of $50.20 per share, with a total value of $100,400.00. Following the purchase, the director now owns 2,976 shares in the company, valued at $149,395.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James T. Lucke sold 16,737 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $51.70, for a total value of $865,302.90. Following the sale, the senior vice president now directly owns 5,691 shares of the company’s stock, valued at $294,224.70. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Shares of NYSE SERV opened at $50.82 on Friday. The stock has a market cap of $6,966.27, a P/E ratio of 24.09 and a beta of 0.95. 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 has a 12-month low of $36.34 and a 12-month high of $55.36.
ServiceMaster (NYSE:SERV) last released its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. ServiceMaster had a net margin of 17.51% and a return on equity of 33.21%. The company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $665.27 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. sell-side analysts forecast that ServiceMaster will post 2.57 earnings per share for the current fiscal year.
SERV has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of ServiceMaster from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of ServiceMaster from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, February 2nd. Instinet upgraded shares of ServiceMaster from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th. Nomura raised shares of ServiceMaster from a “reduce” rating to a “buy” rating and lifted their price target for the company from $39.00 to $69.00 in a research report on Thursday, February 15th. Finally, William Blair assumed coverage on shares of ServiceMaster in a research report on Monday, January 29th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. ServiceMaster currently has an average rating of “Buy” and a consensus target price of $53.45.
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ServiceMaster 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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