Dudley & Shanley Inc. Cuts Stock Position in Service Co. International (NYSE:SCI)

Dudley & Shanley Inc. cut its holdings in Service Co. International (NYSE:SCI - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,393 shares of the company's stock after selling 4,660 shares during the quarter. Service Co. International makes up 4.7% of Dudley & Shanley Inc.'s holdings, making the stock its 6th biggest holding. Dudley & Shanley Inc. owned approximately 0.26% of Service Co. International worth $29,545,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several analysts recently commented on SCI shares. UBS Group reduced their target price on Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen upgraded 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.

Insiders Place Their Bets

In other Service Co. International news, 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 value of $4,228,000.00. Following the sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tony Coelho sold 5,400 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director now directly owns 43,938 shares in the company, valued at $3,336,651.72. The trade was a 10.94% 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 Up 0.5%

Shares of NYSE:SCI traded up $0.37 during mid-day trading on Thursday, hitting $78.43. 341,229 shares of the company traded hands, compared to its average volume of 1,068,804. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The stock has a 50-day moving average price of $77.43 and a two-hundred day moving average price of $79.63. Service Co. International has a 12-month low of $68.84 and a 12-month high of $89.37. The stock has a market cap of $11.17 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.90 and a beta of 0.96.

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 the consensus estimate of $0.91 by $0.05. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.89 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. Service Co. International's payout ratio is currently 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.