Aurdan Capital Management LLC Invests $4.07 Million in Service Co. International (NYSE:SCI)

Aurdan Capital Management LLC acquired a new stake in shares of Service Co. International (NYSE:SCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 50,979 shares of the company's stock, valued at approximately $4,069,000. Service Co. International comprises 1.6% of Aurdan Capital Management LLC's holdings, making the stock its 23rd biggest holding.

A number of other hedge funds also recently bought and sold shares of SCI. SBI Securities Co. Ltd. purchased a new stake in Service Co. International in the fourth quarter worth approximately $25,000. Quarry LP lifted its holdings in shares of Service Co. International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after buying an additional 367 shares in the last quarter. Mizuho Bank Ltd. bought a new position in shares of Service Co. International during the 4th quarter valued at about $40,000. Resona Asset Management Co. Ltd. purchased a new position in Service Co. International during the 4th quarter valued at approximately $40,000. Finally, Vision Financial Markets LLC bought a new stake in Service Co. International in the fourth quarter worth $52,000. Institutional investors own 85.53% of the company's stock.

Service Co. International Stock Up 0.5%

Shares of SCI stock traded up $0.38 on Friday, hitting $77.81. The stock had a trading volume of 237,001 shares, compared to its average volume of 1,063,280. 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 one year low of $68.84 and a one year high of $89.37. The business has a 50 day moving average price of $77.56 and a 200 day moving average price of $79.82. The company has a market cap of $11.08 billion, a PE ratio of 21.90, a P/E/G ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The company's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. Research analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio is presently 35.16%.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of analyst reports. Wall Street Zen raised shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group lowered their target price on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Insider Buying and Selling at Service Co. International

In related news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the transaction, the director now owns 46,824 shares in the company, valued at $3,712,674.96. The trade was a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $83,066,078.48. This represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,900 shares of company stock worth $5,153,461. 4.40% of the stock is owned by corporate insiders.

About Service Co. International

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.