ServiceMaster (SERV) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of ServiceMaster (NYSE:SERV) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “ServiceMaster Global Holdings, Inc. provides outsourcing services for residential and commercial customers. The company’s brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster. It offers lawn care and landscape maintenance, termite and pest control, home warranties, disaster response and reconstruction, cleaning and disaster restoration, house cleaning, furniture repair, and home inspection services. ServiceMaster Global Holdings, Inc. is headquartered in Memphis, Tennessee. “

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Several other brokerages have also weighed in on SERV. Nomura raised ServiceMaster from a reduce rating to a buy rating and increased their target price for the stock from $39.00 to $69.00 in a research report on Thursday, February 15th. Morgan Stanley increased their target price on ServiceMaster from $60.00 to $65.00 and gave the stock an overweight rating in a research report on Wednesday, January 31st. William Blair began coverage on ServiceMaster in a research report on Monday, January 29th. They issued an outperform rating on the stock. Royal Bank of Canada increased their target price on ServiceMaster to $52.00 and gave the stock a sector perform rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Finally, Instinet raised ServiceMaster from a reduce rating to a buy rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $53.45.

Shares of SERV opened at $50.82 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.02 and a current ratio of 1.06. The firm has a market capitalization of $6,981.15, a P/E ratio of 24.09 and a beta of 0.95. ServiceMaster has a twelve month low of $36.34 and a twelve month high of $55.36.

ServiceMaster (NYSE:SERV) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $666.00 million for the quarter, compared to analyst estimates of $665.27 million. ServiceMaster had a return on equity of 33.21% and a net margin of 17.51%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. equities research analysts expect that ServiceMaster will post 2.57 EPS for the current year.

In other ServiceMaster news, insider Marvin Davis sold 4,743 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $49.57, for a total value of $235,110.51. Following the transaction, the insider now directly owns 7,959 shares of the company’s stock, valued at $394,527.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James T. Lucke sold 16,737 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $51.70, for a total value of $865,302.90. Following the completion of the transaction, the senior vice president now directly owns 5,691 shares in the company, valued at $294,224.70. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in ServiceMaster by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 708 shares during the period. BB&T Securities LLC grew its stake in shares of ServiceMaster by 19.7% during the third quarter. BB&T Securities LLC now owns 8,544 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 1,408 shares in the last quarter. Amalgamated Bank grew its stake in shares of ServiceMaster by 5.8% during the fourth quarter. Amalgamated Bank now owns 26,897 shares of the business services provider’s stock valued at $1,379,000 after acquiring an additional 1,474 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of ServiceMaster by 2.6% during the fourth quarter. Gabelli Funds LLC now owns 80,000 shares of the business services provider’s stock valued at $4,102,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ServiceMaster by 34.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,948 shares of the business services provider’s stock valued at $407,000 after acquiring an additional 2,042 shares in the last quarter.

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About ServiceMaster

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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