Pinebridge Investments L.P. Has $3.69 Million Stake in Service Co. International (NYSE:SCI)

Pinebridge Investments L.P. lifted its stake in Service Co. International (NYSE:SCI - Free Report) by 42.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,190 shares of the company's stock after purchasing an additional 13,818 shares during the quarter. Pinebridge Investments L.P.'s holdings in Service Co. International were worth $3,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Service Co. International in the 4th quarter worth approximately $25,000. Mizuho Bank Ltd. acquired a new position in shares of Service Co. International in the fourth quarter worth $40,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Service Co. International during the fourth quarter worth $40,000. Vision Financial Markets LLC acquired a new stake in Service Co. International during the fourth quarter valued at $52,000. Finally, GeoWealth Management LLC acquired a new stake in Service Co. International during the fourth quarter valued at $53,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the director now directly owns 46,824 shares in the company, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

Service Co. International Stock Down 3.8 %

NYSE:SCI traded down $3.06 during trading hours on Thursday, reaching $76.85. The company's stock had a trading volume of 1,357,253 shares, compared to its average volume of 1,045,558. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. Service Co. International has a one year low of $67.19 and a one year high of $89.37. The business's 50-day moving average is $78.84 and its 200-day moving average is $80.18.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The firm's revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.32 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Service Co. International's dividend payout ratio (DPR) is currently 36.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.50.

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.