Sciencast Management LP Invests $1.27 Million in Service Co. International (SCI)

Sciencast Management LP bought a new position in shares of Service Co. International (NYSE:SCI) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 32,922 shares of the company’s stock, valued at approximately $1,274,000.

Other large investors have also recently modified their holdings of the company. CenterStar Asset Management LLC purchased a new stake in shares of Service Co. International during the 1st quarter worth about $110,000. Captrust Financial Advisors purchased a new stake in shares of Service Co. International during the 4th quarter worth about $190,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Service Co. International during the 1st quarter worth about $202,000. Koch Industries Inc. purchased a new stake in shares of Service Co. International during the 4th quarter worth about $243,000. Finally, Wade G W & Inc. purchased a new stake in shares of Service Co. International during the 1st quarter worth about $263,000. Institutional investors and hedge funds own 86.32% of the company’s stock.

In other Service Co. International news, VP Steven A. Tidwell sold 17,384 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $36.63, for a total value of $636,775.92. Following the completion of the transaction, the vice president now owns 50,847 shares in the company, valued at approximately $1,862,525.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is owned by corporate insiders.

A number of research firms have weighed in on SCI. Zacks Investment Research upgraded Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, April 18th. Deutsche Bank upped their price target on Service Co. International from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Bank of America upped their price target on Service Co. International from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, ValuEngine upgraded Service Co. International from a “hold” rating to a “buy” rating in a report on Friday, April 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Service Co. International presently has an average rating of “Buy” and an average target price of $44.20.

NYSE SCI opened at $35.32 on Thursday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 1.66 and a beta of 0.93. Service Co. International has a fifty-two week low of $31.94 and a fifty-two week high of $40.28. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.59 and a quick ratio of 0.55.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 25th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The firm had revenue of $794.50 million during the quarter, compared to analysts’ expectations of $806.09 million. Service Co. International had a return on equity of 23.42% and a net margin of 14.59%. Service Co. International’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. sell-side analysts forecast that Service Co. International will post 1.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, June 14th. Service Co. International’s dividend payout ratio is presently 43.87%.

Service Co. International Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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