Servicemaster Global (SERV) Sets New 1-Year High at $54.55

Servicemaster Global Holdings Inc (NYSE:SERV) shares hit a new 52-week high during trading on Thursday . The company traded as high as $54.55 and last traded at $54.56, with a volume of 788706 shares changing hands. The stock had previously closed at $52.12.

A number of brokerages have commented on SERV. Instinet raised Servicemaster Global from a “reduce” rating to a “buy” rating in a report on Thursday. Nomura raised Servicemaster Global from a “reduce” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Thursday. Zacks Investment Research lowered Servicemaster Global from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Royal Bank of Canada upped their price objective on Servicemaster Global to $52.00 and gave the company a “sector perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price objective on Servicemaster Global from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $53.67.

The company has a market capitalization of $6,945.87, a PE ratio of 30.98 and a beta of 0.93. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.99 and a current ratio of 1.03.

In other news, insider Mary Kay Wegner sold 1,256 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $50.29, for a total transaction of $63,164.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James T. Lucke sold 21,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $50.24, for a total value of $1,055,040.00. Following the sale, the senior vice president now owns 21,000 shares of the company’s stock, valued at $1,055,040. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new stake in shares of Servicemaster Global during the 4th quarter worth $131,000. Advisory Services Network LLC bought a new stake in shares of Servicemaster Global during the 4th quarter worth $153,000. American International Group Inc. bought a new stake in shares of Servicemaster Global during the 4th quarter worth $163,000. The Manufacturers Life Insurance Company lifted its position in shares of Servicemaster Global by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after buying an additional 708 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Servicemaster Global during the 3rd quarter worth $206,000.

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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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