Commerce Bank boosted its position in Service Co. International (NYSE:SCI) by 0.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 169,397 shares of the company’s stock after buying an additional 1,164 shares during the quarter. Commerce Bank’s holdings in Service Co. International were worth $6,624,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. William Blair Investment Management LLC boosted its holdings in Service Co. International by 31.0% in the first quarter. William Blair Investment Management LLC now owns 439,737 shares of the company’s stock valued at $17,198,000 after acquiring an additional 104,105 shares during the last quarter. Trexquant Investment LP bought a new position in Service Co. International in the first quarter valued at about $2,021,000. Ontario Teachers Pension Plan Board bought a new position in Service Co. International during the first quarter worth about $922,000. Fiera Capital Corp bought a new position in Service Co. International during the first quarter worth about $12,510,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Service Co. International during the first quarter worth about $80,000. Institutional investors and hedge funds own 87.24% of the company’s stock.
NYSE SCI opened at $38.32 on Friday. The firm has a market cap of $6.86 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.25 and a beta of 0.70. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.61 and a quick ratio of 0.56. The stock’s 50-day moving average is $37.55 and its 200-day moving average is $43.80. Service Co. International has a one year low of $33.93 and a one year high of $52.89.
Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.03). Service Co. International had a net margin of 11.50% and a return on equity of 19.44%. The firm had revenue of $803.00 million during the quarter, compared to analyst estimates of $792.55 million. During the same period in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts anticipate that Service Co. International will post 1.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, June 12th. Service Co. International’s dividend payout ratio is presently 40.00%.
A number of equities analysts have issued reports on the company. Credit Suisse Group reduced their target price on Service Co. International from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. CSFB reduced their target price on Service Co. International from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. S&P Equity Research reduced their target price on Service Co. International from $53.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Raymond James restated an “outperform” rating and set a $47.50 target price (down previously from $58.00) on shares of Service Co. International in a report on Tuesday, April 21st. Finally, Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a report on Thursday, March 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Service Co. International presently has an average rating of “Buy” and an average price target of $48.07.
In related news, Director W Blair Waltrip purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $34.65 per share, for a total transaction of $69,300.00. Following the completion of the purchase, the director now directly owns 595,481 shares in the company, valued at $20,633,416.65. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John H. Faulk sold 43,250 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.09, for a total value of $2,252,892.50. Following the completion of the transaction, the senior vice president now owns 60,888 shares of the company’s stock, valued at $3,171,655.92. The disclosure for this sale can be found here. In the last three months, insiders sold 186,972 shares of company stock worth $9,650,605. 4.70% of the stock is owned by insiders.
About Service Co. International
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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