Intech Investment Management LLC Trims Position in Service Corporation International $SCI

Key Points

• Intech Investment Management LLC reduced its stake in Service Corporation International by 32.6% during the first quarter, holding 35,173 shares worth approximately $2.82 million after selling 16,994 shares.
• Director Tony Coelho and CEO Thomas L. Ryan both sold shares recently, with Coelho selling 7,850 shares and Ryan selling 17,520 shares, indicating a decrease in their ownership of the stock.
• Service Corporation International reported a quarterly earnings per share of $0.88, exceeding estimates, and set its FY 2025 guidance between 3.700-4.00 EPS, with a consensus rating of "Buy" from analysts.

Intech Investment Management LLC decreased its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,173 shares of the company's stock after selling 16,994 shares during the quarter. Intech Investment Management LLC's holdings in Service Corporation International were worth $2,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCI. Principal Financial Group Inc. grew its stake in shares of Service Corporation International by 136.1% during the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock worth $62,751,000 after purchasing an additional 451,068 shares during the period. Millennium Management LLC grew its stake in shares of Service Corporation International by 19,170.2% during the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company's stock worth $26,593,000 after purchasing an additional 334,904 shares during the period. Nuveen LLC acquired a new stake in Service Corporation International in the 1st quarter valued at $26,674,000. Jennison Associates LLC grew its stake in Service Corporation International by 3,061.2% in the 1st quarter. Jennison Associates LLC now owns 297,404 shares of the company's stock valued at $23,852,000 after acquiring an additional 287,996 shares during the period. Finally, AQR Capital Management LLC grew its stake in Service Corporation International by 1,040.1% in the 1st quarter. AQR Capital Management LLC now owns 267,352 shares of the company's stock valued at $21,180,000 after acquiring an additional 243,902 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of Service Corporation International stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total transaction of $199,636.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 17,520 shares of Service Corporation International stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $81.91, for a total transaction of $1,435,063.20. Following the sale, the chief executive officer directly owned 982,333 shares in the company, valued at approximately $80,462,896.03. This trade represents a 1.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 252,082 shares of company stock worth $20,117,233. Company insiders own 4.40% of the company's stock.

Service Corporation International Price Performance

SCI traded down $0.54 on Friday, hitting $80.00. 2,687,667 shares of the company's stock were exchanged, compared to its average volume of 842,771. Service Corporation International has a fifty-two week low of $71.75 and a fifty-two week high of $89.37. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The firm has a 50-day moving average price of $79.16 and a 200-day moving average price of $78.80. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.96 and a beta of 0.90.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, equities analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's payout ratio is 34.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SCI shares. Oppenheimer lifted their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Raymond James Financial reissued an "outperform" rating and issued a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $90.25.

Service Corporation 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.