Value Hunters: Look To ServiceMaster Global Holdings Inc. (NYSE: SERV)


    Janus Capital Management LLC recently announced the acquisition of new stake in ServiceMaster Global Holdings Inc. (NYSE:SERV). The institutional investor has increased its shareholding in the Consumer Cyclical company by 6.84% to 19.31 million shares with purchase of 1.24 million shares. This fresh investment now brings its stake to 14.64% valued currently at $689.34 million. In addition, T. Rowe Price Associates, Inc. (I. raised its holdings by 6.06 million to 15.45 million shares. And The Vanguard Group, Inc. has lifted its position by 2.16% or 0.26 million shares – to 12.22 million shares.

    With over 0.87 million ServiceMaster Global Holdings Inc. (SERV) shares trading Wednesday and a closing price of $37.54 on the day, the dollar volume was approximately $32.76 million. The shares have shown a positive weekly performance of 3.73% and its price on 07/15/20 gained nearly 3.67%. Currently, there are 134.90M common shares owned by the public and among those 131.76M shares have been available to trade.

    Incidentally, analysts’ outlook for the ServiceMaster Global Holdings Inc. stock is 2.00 for the next 12 months.

    Insiders at the company have transacted a total of 47 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 102,931 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 19,982 shares.

    The top 3 mutual fund holders in ServiceMaster Global Holdings Inc. are Eaton Vance Atlanta Capital SMID, T Rowe Price Mid Cap Growth Fund, and Janus Henderson Enterprise Fund. Eaton Vance Atlanta Capital SMID owns 9.5 million shares of the company’s stock, all valued at over $339.09 million. T Rowe Price Mid Cap Growth Fund bought 2.55 million shares to see its total holdings expand to 6.5 million shares valued at over $231.99 million and representing 4.93% of the shares outstanding. Janus Henderson Enterprise Fund now owns shares totaling to 4.16% of the shares outstanding.

    Shares of ServiceMaster Global Holdings Inc. (NYSE: SERV) opened at $36.85, up $0.64 from a prior closing price of $36.21. However, the script later closed the day at $37.54, up 3.67%. The company’s stock has a 5-day price change of 3.73% and 35.43% over the past three months. SERV shares are trading -2.90% year to date (YTD), with the 12-month market performance down to -30.27% lower. It has a 12-month low price of $17.63 and touched a high of $58.78 over the same period. Currently, 0.87 million shares have been traded, compared to an average intraday trading volume of 1.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.19%, 14.35%, and 4.05% respectively.

    Institutional ownership of ServiceMaster Global Holdings Inc. (NYSE: SERV) 134.90M shares outstanding. Mutual fund holders own 43.35%, while other institutional holders and individual stakeholders account for 63.07% and 28.61% respectively.

    It has a market capitalization of $4.88B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 87.10, while the earnings-per-share (ttm) stands at $0.43. The company has a PEG of 13.00 and a Quick Ratio of 2.20 with the debt-to-equity ratio at 0.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.46% over the week and 2.93% over the month.

    Analysts forecast that ServiceMaster Global Holdings Inc. (SERV) will achieve an EPS of $0.35 for the current quarter, $0.2 for the next quarter and $0.96 for 2021. The lowest estimate earnings-per-share for the quarter is $0.23 while analysts give the company a high EPS estimate of $0.48. Comparatively, EPS for the current quarter was $0.5 a year ago. Earnings per share for the fiscal year are expected to increase by 180.20%, and 27.62% over the next financial year. EPS should shrink at an annualized rate of 6.70% over the next five years, compared to 20.00% over the past 5-year period.

    Looking at the support for the SERV, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on April 02, 2020, with the firm’s price target at $43-$35. Jefferies coverage for the ServiceMaster Global Holdings Inc. (SERV) stock in a research note released on November 22, 2019 offered a Buy rating with a price target of. BofA/Merrill was of a view on October 23, 2019 that the stock is Underperform, while RBC Capital Mkts gave the stock Outperform rating on October 08, 2019, issuing a price target of $55- $63. Buckingham Research on their part issued Neutral rating on May 08, 2019.


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