Servicemaster Global Holdings Inc (NYSE:SERV) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,870,000 shares, a decline of 28.1% from the September 30th total of 2,600,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.4% of the shares of the company are short sold.

Several research firms have commented on SERV. Royal Bank of Canada lowered their price target on shares of Servicemaster Global to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Bank of America lowered their price target on shares of Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating on the stock in a report on Wednesday, October 23rd. Nomura reaffirmed a “buy” rating and issued a $62.00 price target on shares of Servicemaster Global in a report on Thursday, August 8th. Buckingham Research reaffirmed a “neutral” rating and issued a $45.00 price target (down from $61.00) on shares of Servicemaster Global in a report on Friday, October 25th. Finally, Zacks Investment Research lowered shares of Servicemaster Global from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.86.

Shares of Servicemaster Global stock traded up $0.82 during trading hours on Friday, reaching $34.80. The stock had a trading volume of 3,669,019 shares, compared to its average volume of 971,956. The stock’s 50 day moving average is $47.85 and its 200 day moving average is $52.60. The firm has a market capitalization of $4.61 billion, a PE ratio of 36.63, a PEG ratio of 1.53 and a beta of 0.50. Servicemaster Global has a twelve month low of $33.53 and a twelve month high of $58.78. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.65.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $528.05 million. Servicemaster Global had a negative net margin of 4.64% and a positive return on equity of 7.91%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. As a group, sell-side analysts predict that Servicemaster Global will post 1.33 earnings per share for the current year.

In other Servicemaster Global news, Director Steven B. Hochhauser purchased 2,000 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $35.01 per share, with a total value of $70,020.00. Following the completion of the acquisition, the director now owns 7,723 shares in the company, valued at $270,382.23. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Servicemaster Global by 18.3% in the second quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock worth $360,913,000 after acquiring an additional 1,071,317 shares during the period. Morgan Stanley raised its position in shares of Servicemaster Global by 17.9% during the 2nd quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock worth $272,899,000 after purchasing an additional 795,651 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Servicemaster Global by 17.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,134,976 shares of the business services provider’s stock worth $59,121,000 after purchasing an additional 169,670 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Servicemaster Global by 4.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,133,206 shares of the business services provider’s stock worth $59,028,000 after purchasing an additional 48,121 shares during the last quarter. Finally, Carillon Tower Advisers Inc. raised its position in shares of Servicemaster Global by 6.7% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 872,648 shares of the business services provider’s stock worth $45,456,000 after purchasing an additional 54,878 shares during the last quarter.

About Servicemaster Global

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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