Gotham Asset Management LLC Has $9.11 Million Holdings in Service Co. International (NYSE:SCI)

Gotham Asset Management LLC lifted its position in Service Co. International (NYSE:SCI - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,182 shares of the company's stock after buying an additional 6,892 shares during the period. Gotham Asset Management LLC owned about 0.08% of Service Co. International worth $9,114,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Service Co. International in the 4th quarter valued at $25,000. Quarry LP increased 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 purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Service Co. International during the 4th quarter worth about $40,000. Resona Asset Management Co. Ltd. bought a new position in Service Co. International during the 4th quarter worth about $40,000. Finally, Vision Financial Markets LLC bought a new position in Service Co. International during the 4th quarter worth about $52,000. Institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com upgraded 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 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Service Co. International currently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

Service Co. International Stock Up 2.1%

Shares of Service Co. International stock traded up $1.62 during trading hours on Friday, reaching $78.57. 1,249,340 shares of the company's stock were exchanged, compared to its average volume of 1,060,717. The company has a 50 day moving average of $77.87 and a two-hundred day moving average of $80.20. Service Co. International has a fifty-two week low of $68.51 and a fifty-two week high of $89.37. 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 market cap of $11.19 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.89 EPS. Service Co. International's revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.32 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. Service Co. International's payout ratio is 35.16%.

Insider Activity

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of the firm'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 sale, the director now owns 46,824 shares in the company, valued at $3,712,674.96. This trade represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,900 shares of company stock worth $5,153,461. Corporate insiders own 4.40% of the company's stock.

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.