Two Sigma Securities LLC Makes New $399,000 Investment in Service Co. International (NYSE:SCI)

Two Sigma Securities LLC bought a new position in shares of Service Co. International (NYSE:SCI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,004 shares of the company's stock, valued at approximately $399,000.

A number of other large investors have also recently modified their holdings of the business. Cornerstone Investment Partners LLC lifted its position in shares of Service Co. International by 3.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company's stock worth $286,000 after buying an additional 131 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Service Co. International by 2.7% in the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock worth $412,000 after acquiring an additional 138 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Service Co. International by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock valued at $354,000 after purchasing an additional 212 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in shares of Service Co. International by 0.5% during the 4th quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock valued at $3,201,000 after purchasing an additional 214 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Service Co. International by 20.1% during the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company's stock worth $110,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SCI. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group reduced their price objective on Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Service Co. International currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Service Co. International Trading Down 0.3 %

NYSE SCI traded down $0.25 on Friday, hitting $76.39. The company's stock had a trading volume of 2,261,985 shares, compared to its average volume of 1,049,847. The firm has a market cap of $11.01 billion, a PE ratio of 21.52, a PEG ratio of 1.90 and a beta of 0.96. The company's 50-day moving average is $78.70 and its 200 day moving average is $80.22. 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 1-year low of $67.22 and a 1-year high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Service Co. International's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.32 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.68%. Service Co. International's dividend payout ratio is presently 35.16%.

Insider Buying and Selling at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of the business'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 value of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares in the company, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the sale, the director now owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.40% of the company's stock.

Service Co. International 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.