Allspring Global Investments Holdings LLC Acquires 3,375 Shares of Service Co. International (NYSE:SCI)

Allspring Global Investments Holdings LLC raised its holdings in Service Co. International (NYSE:SCI) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,277 shares of the company’s stock after buying an additional 3,375 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Service Co. International were worth $14,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCI. nVerses Capital LLC boosted its stake in shares of Service Co. International by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after purchasing an additional 300 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of Service Co. International in the 3rd quarter valued at $57,000. Farther Finance Advisors LLC boosted its stake in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International in the 3rd quarter valued at $80,000. Finally, Quest Partners LLC boosted its stake in shares of Service Co. International by 110,300.0% in the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Down 5.3 %

Shares of NYSE SCI opened at $77.13 on Tuesday. The firm’s 50-day simple moving average is $79.38 and its 200 day simple moving average is $79.56. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. On average, research analysts expect that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SCI shares. Truist Financial boosted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Tuesday. Raymond James upped their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Oppenheimer upped their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the transaction, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

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.