ServiceMaster (SERV) Sets New 12-Month High and Low at $58.41

ServiceMaster (NYSE:SERV)’s share price hit a new 52-week high and low during mid-day trading on Wednesday . The stock traded as low as $58.41 and last traded at $58.04, with a volume of 26154 shares. The stock had previously closed at $58.01.

Several equities analysts have recently issued reports on SERV shares. ValuEngine upgraded ServiceMaster from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Nomura reduced their price objective on ServiceMaster from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Instinet upgraded ServiceMaster from a “reduce” rating to a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded ServiceMaster from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, February 2nd. Finally, Oppenheimer set a $55.00 target price on ServiceMaster and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. ServiceMaster has a consensus rating of “Buy” and an average price target of $55.64.

The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 26.14 and a beta of 0.95. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.97 and a quick ratio of 0.91.

ServiceMaster (NYSE:SERV) last released its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $666.00 million during the quarter, compared to the consensus estimate of $665.27 million. ServiceMaster had a return on equity of 29.91% and a net margin of 17.35%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. research analysts forecast that ServiceMaster will post 2.56 EPS for the current fiscal year.

In other ServiceMaster news, SVP James T. Lucke sold 16,737 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 5,691 shares of the company’s stock, valued at $294,224.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy M. Haynes sold 55,363 shares of the company’s stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $53.18, for a total value of $2,944,204.34. The disclosure for this sale can be found here. Insiders sold 76,843 shares of company stock valued at $4,044,618 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SERV. FIL Ltd bought a new position in shares of ServiceMaster in the first quarter valued at $44,519,000. First Eagle Investment Management LLC bought a new position in shares of ServiceMaster in the first quarter valued at $40,933,000. The Manufacturers Life Insurance Company increased its holdings in shares of ServiceMaster by 10,579.7% in the first quarter. The Manufacturers Life Insurance Company now owns 481,443 shares of the business services provider’s stock valued at $24,482,000 after buying an additional 476,935 shares in the last quarter. Atlanta Capital Management Co. L L C increased its holdings in shares of ServiceMaster by 8.7% in the first quarter. Atlanta Capital Management Co. L L C now owns 5,583,656 shares of the business services provider’s stock valued at $283,929,000 after buying an additional 448,582 shares in the last quarter. Finally, Fred Alger Management Inc. increased its holdings in shares of ServiceMaster by 205.1% in the fourth quarter. Fred Alger Management Inc. now owns 469,110 shares of the business services provider’s stock valued at $24,051,000 after buying an additional 315,370 shares in the last quarter.

ServiceMaster Company Profile

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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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