Acadian Asset Management LLC Grows Position in Service Co. International (NYSE:SCI)

Acadian Asset Management LLC lifted its holdings in Service Co. International (NYSE:SCI) by 1,689.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,805 shares of the company’s stock after buying an additional 43,245 shares during the period. Acadian Asset Management LLC’s holdings in Service Co. International were worth $3,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCI. Fifth Third Bancorp lifted its stake in Service Co. International by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $87,000 after purchasing an additional 151 shares in the last quarter. Larson Financial Group LLC lifted its position in Service Co. International by 5.6% during the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after buying an additional 159 shares in the last quarter. Parallel Advisors LLC grew its holdings in Service Co. International by 3.8% in the 4th quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock valued at $309,000 after buying an additional 165 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Service Co. International by 3.5% in the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock worth $348,000 after acquiring an additional 165 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Service Co. International by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 1,254 shares of the company’s stock worth $93,000 after acquiring an additional 174 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Trading Up 0.8 %

SCI opened at $80.00 on Friday. Service Co. International has a 52 week low of $52.89 and a 52 week high of $80.37. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The business has a fifty day simple moving average of $75.39 and a 200-day simple moving average of $72.97. The firm has a market cap of $11.65 billion, a P/E ratio of 22.81, a P/E/G ratio of 2.24 and a beta of 0.84.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. On average, equities analysts expect that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, September 13th. Service Co. International’s payout ratio is 34.48%.

Insider Activity at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SCI shares. UBS Group lifted their target price on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Truist Financial increased their price objective on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Oppenheimer increased their price target on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.60.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.