Occudo Quantitative Strategies LP Takes Position in Service Co. International (NYSE:SCI)

Occudo Quantitative Strategies LP bought a new position in shares of Service Co. International (NYSE:SCI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,454 shares of the company's stock, valued at approximately $595,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC increased its position in shares of Service Co. International by 3.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company's stock valued at $286,000 after purchasing an additional 131 shares during the period. CIBC Asset Management Inc boosted its stake in Service Co. International by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock valued at $412,000 after buying an additional 138 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Service Co. International by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company's stock worth $298,000 after acquiring an additional 183 shares during the period. Steward Partners Investment Advisory LLC raised its position in Service Co. International by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock worth $354,000 after acquiring an additional 212 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its holdings in Service Co. International by 0.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock valued at $3,201,000 after acquiring an additional 214 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the sale, the director now directly owns 46,824 shares of the company's stock, valued at $3,712,674.96. This trade represents a 12.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,900 shares of company stock valued at $5,153,461. Company insiders own 4.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SCI. UBS Group lowered their price objective on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.25.

Service Co. International Trading Down 0.1%

Shares of NYSE SCI traded down $0.11 during mid-day trading on Tuesday, hitting $78.04. 149,539 shares of the company traded hands, compared to its average volume of 1,261,870. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. Service Co. International has a 1 year low of $68.51 and a 1 year high of $89.37. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.90 and a beta of 0.96. The business has a 50 day moving average of $77.83 and a two-hundred day moving average of $80.21.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. On average, sell-side analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio is 35.16%.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.