Equities researchers at William Blair assumed coverage on shares of Servicemaster Global (NYSE:SERV) in a research report issued on Monday, The Fly reports. The brokerage set an “outperform” rating on the business services provider’s stock.
A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub cut shares of Servicemaster Global from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Royal Bank of Canada cut shares of Servicemaster Global from an “outperform” rating to a “sector perform” rating and set a $44.00 price objective for the company. in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and set a $52.00 price objective on shares of Servicemaster Global in a research report on Wednesday, November 1st. Finally, Nomura upped their price objective on shares of Servicemaster Global from $36.00 to $39.00 and gave the stock a “reduce” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.92.
Shares of Servicemaster Global (SERV) traded down $0.63 during midday trading on Monday, reaching $52.96. 497,710 shares of the company were exchanged, compared to its average volume of 507,285. Servicemaster Global has a 12-month low of $36.34 and a 12-month high of $54.48. The stock has a market capitalization of $7,170.00, a P/E ratio of 30.61 and a beta of 1.00. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.99.
In related news, SVP James T. Lucke sold 21,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $50.24, for a total transaction of $1,055,040.00. Following the completion of the sale, the senior vice president now directly owns 21,000 shares in the company, valued at $1,055,040. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mary Kay Wegner sold 6,562 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total transaction of $309,267.06. Following the sale, the insider now owns 6,562 shares of the company’s stock, valued at $309,267.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,464 shares of company stock valued at $1,596,901. 1.20% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in Servicemaster Global by 6.9% during the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock worth $647,423,000 after buying an additional 997,837 shares during the period. Janus Henderson Group PLC purchased a new position in Servicemaster Global during the second quarter worth about $568,959,000. Janus Capital Management LLC boosted its stake in Servicemaster Global by 6.2% during the first quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock worth $593,365,000 after buying an additional 831,991 shares during the period. Vanguard Group Inc. boosted its stake in Servicemaster Global by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock worth $412,885,000 after buying an additional 99,374 shares during the period. Finally, Longview Partners Guernsey LTD boosted its stake in Servicemaster Global by 4.6% during the third quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock worth $443,514,000 after buying an additional 417,782 shares during the period.
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About Servicemaster Global
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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