Servicemaster Global Target of Unusually Large Options Trading (SERV)

Servicemaster Global Holdings Inc (NYSE:SERV) was the target of unusually large options trading activity on Wednesday. Traders acquired 2,776 call options on the stock. This is an increase of approximately 1,776% compared to the typical daily volume of 148 call options.

In other news, VP John Patrick Mullen sold 22,376 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.80, for a total value of $1,069,572.80. Following the sale, the vice president now owns 14,389 shares of the company’s stock, valued at approximately $687,794.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new stake in shares of Servicemaster Global in the 4th quarter valued at approximately $33,000. Quadrant Capital Group LLC acquired a new stake in shares of Servicemaster Global in the 1st quarter valued at approximately $49,000. World Asset Management Inc acquired a new stake in shares of Servicemaster Global in the 1st quarter valued at approximately $208,000. CIBC Asset Management Inc acquired a new stake in shares of Servicemaster Global in the 1st quarter valued at approximately $212,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Servicemaster Global in the 1st quarter valued at approximately $224,000.

Servicemaster Global stock opened at $51.98 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.16 and a current ratio of 2.26. Servicemaster Global has a 1 year low of $34.28 and a 1 year high of $56.50. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 54.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.01.

Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, May 7th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Servicemaster Global had a negative net margin of 1.42% and a positive return on equity of 18.28%. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $473.13 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. On average, analysts forecast that Servicemaster Global will post 1.43 earnings per share for the current year.

A number of equities research analysts have commented on the stock. Morgan Stanley set a $45.00 price objective on shares of Servicemaster Global and gave the stock a “hold” rating in a report on Wednesday. Buckingham Research lowered shares of Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a report on Wednesday. They noted that the move was a valuation call. ValuEngine raised shares of Servicemaster Global from a “hold” rating to a “buy” rating in a report on Wednesday. Oppenheimer increased their price objective on shares of Servicemaster Global from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Finally, Bank of America lowered shares of Servicemaster Global from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $45.00 to $36.00 in a report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.89.

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Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. 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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