Aquatic Capital Management LLC Has $2.63 Million Holdings in Service Co. International (NYSE:SCI)

Aquatic Capital Management LLC raised its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 65.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,992 shares of the company's stock after buying an additional 12,992 shares during the quarter. Aquatic Capital Management LLC's holdings in Service Co. International were worth $2,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Two Sigma Securities LLC acquired a new position in Service Co. International during the fourth quarter valued at approximately $399,000. Kovitz Investment Group Partners LLC bought a new position in shares of Service Co. International during the fourth quarter worth $240,000. Coppell Advisory Solutions LLC grew its holdings in shares of Service Co. International by 12.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 6,453 shares of the company's stock valued at $515,000 after buying an additional 693 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Service Co. International by 5.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock valued at $714,600,000 after buying an additional 492,822 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in Service Co. International by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 46,190 shares of the company's stock worth $3,687,000 after buying an additional 13,818 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Transactions at Service Co. International

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

Service Co. International Stock Down 4.3 %

Shares of SCI stock traded down $3.46 during trading hours on Thursday, hitting $76.44. 2,877,978 shares of the company were exchanged, compared to its average volume of 1,047,591. The company has a market capitalization of $11.01 billion, a PE ratio of 21.53, a PEG ratio of 1.90 and a beta of 0.81. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37. The business has a 50 day moving average of $78.79 and a two-hundred day moving average of $80.18. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.

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

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. This is an increase from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio is 36.06%.

Analysts Set New Price Targets

Separately, StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.

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.