18,067 Shares in Service Co. International (NYSE:SCI) Bought by Scientech Research LLC

Scientech Research LLC bought a new stake in shares of Service Co. International (NYSE:SCI) in the 2nd quarter, HoldingsChannel reports. The fund bought 18,067 shares of the company’s stock, valued at approximately $1,285,000.

A number of other hedge funds also recently made changes to their positions in the business. Swedbank AB purchased a new position in Service Co. International in the first quarter valued at approximately $224,137,000. Select Equity Group L.P. raised its stake in shares of Service Co. International by 53.5% in the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after buying an additional 2,524,795 shares during the period. Jennison Associates LLC lifted its position in shares of Service Co. International by 430.3% during the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock valued at $26,499,000 after buying an additional 289,741 shares during the last quarter. Millennium Management LLC grew its stake in shares of Service Co. International by 646.5% during the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after acquiring an additional 231,980 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in Service Co. International in the 2nd quarter worth about $14,226,000. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Service Co. International Stock Down 0.3 %

Shares of NYSE SCI opened at $78.37 on Friday. The business has a 50-day simple moving average of $77.20 and a two-hundred day simple moving average of $73.46. Service Co. International has a 52 week low of $52.89 and a 52 week high of $81.32. The company has a market cap of $11.32 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.29 and a beta of 0.84. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share 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 the consensus estimate of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, September 13th. Service Co. International’s payout ratio is 34.48%.

Analyst Upgrades and Downgrades

SCI has been the topic of several recent research reports. Truist Financial upped their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.60.

Service Co. International Profile

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.