Sciencast Management LP bought a new stake in Service Co. International (NYSE:SCI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 32,922 shares of the company’s stock, valued at approximately $1,274,000.
A number of other hedge funds have also recently made changes to their positions in the stock. CenterStar Asset Management LLC acquired a new position in shares of Service Co. International during the 1st quarter valued at about $110,000. Captrust Financial Advisors acquired a new position in shares of Service Co. International during the 4th quarter valued at about $190,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Service Co. International during the 1st quarter valued at about $202,000. Koch Industries Inc. acquired a new position in shares of Service Co. International during the 4th quarter valued at about $243,000. Finally, Wade G W & Inc. acquired a new position in shares of Service Co. International during the 1st quarter valued at about $263,000. 86.32% of the stock is owned by hedge funds and other institutional investors.
NYSE SCI opened at $35.32 on Thursday. Service Co. International has a 12 month low of $31.94 and a 12 month high of $40.28. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.59 and a quick ratio of 0.55. The stock has a market cap of $6.71 billion, a PE ratio of 22.79, a P/E/G ratio of 1.66 and a beta of 0.93.
Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, April 25th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. Service Co. International had a net margin of 14.59% and a return on equity of 23.42%. The company had revenue of $794.50 million during the quarter, compared to the consensus estimate of $806.09 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. analysts expect that Service Co. International will post 1.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, June 14th. Service Co. International’s payout ratio is currently 43.87%.
In other news, VP Steven A. Tidwell sold 17,384 shares of the business’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $36.63, for a total transaction of $636,775.92. Following the completion of the sale, the vice president now owns 50,847 shares in the company, valued at approximately $1,862,525.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by insiders.
A number of research firms have recently commented on SCI. Zacks Investment Research raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday. Deutsche Bank upped their price objective on shares of Service Co. International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. ValuEngine downgraded shares of Service Co. International from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Finally, Bank of America upped their price objective on shares of Service Co. International from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.20.
Service Co. International Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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