Quantbot Technologies LP Sells 1,003 Shares of Service Co. International (NYSE:SCI)

Quantbot Technologies LP reduced its stake in Service Co. International (NYSE:SCI) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,405 shares of the company’s stock after selling 1,003 shares during the period. Quantbot Technologies LP’s holdings in Service Co. International were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCI. nVerses Capital LLC boosted its position in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after acquiring an additional 389 shares during the last quarter. Quarry LP boosted its holdings in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Service Co. International during the 3rd quarter worth $57,000. Finally, Farther Finance Advisors LLC increased its holdings in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after purchasing an additional 249 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now directly owns 53,324 shares in the company, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares in the company, valued at $9,410,563.80. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,655 shares of company stock valued at $9,356,203. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SCI shares. Truist Financial boosted their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Raymond James raised their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Price Performance

Shares of SCI opened at $88.18 on Tuesday. The business has a 50-day moving average of $80.77 and a 200-day moving average of $76.59. Service Co. International has a 1 year low of $61.38 and a 1 year high of $89.37. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.59 and a beta of 0.83. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.31 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.88%.

Service Co. International Company 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.