Aristeia Capital L.L.C. purchased a new position in Service Co. International (NYSE:SCI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,954 shares of the company's stock, valued at approximately $316,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Service Co. International in the 4th quarter worth about $25,000. Quarry LP grew its holdings in Service Co. International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after acquiring an additional 367 shares during the last quarter. Mizuho Bank Ltd. bought a new position in Service Co. International in the 4th quarter worth approximately $40,000. Resona Asset Management Co. Ltd. bought a new position in shares of Service Co. International in the 4th quarter valued at about $40,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Service Co. International in the 4th quarter valued at $52,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Service Co. International Stock Up 2.2 %
SCI traded up $1.63 during midday trading on Tuesday, reaching $76.81. 1,602,304 shares of the company were exchanged, compared to its average volume of 1,054,108. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. Service Co. International has a one year low of $67.82 and a one year high of $89.37. The company's fifty day moving average price is $78.59 and its 200 day moving average price is $80.25. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52.
Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that Service Co. International will post 3.84 EPS for the current year.
Service Co. International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. Service Co. International's dividend payout ratio (DPR) is 35.16%.
Insider Buying and Selling at Service Co. International
In related news, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 approximately $3,712,674.96. This represents a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.40% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group lowered their price objective on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.25.
Read Our Latest Research Report on Service Co. International
About Service Co. International
(
Free Report)
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.
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