Service Co. International (NYSE:SCI) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in Service Co. International (NYSE:SCI) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,100 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Service Co. International were worth $3,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC boosted its stake in Service Co. International by 75.0% in the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after acquiring an additional 300 shares during the period. Waldron Private Wealth LLC acquired a new position in Service Co. International in the third quarter valued at approximately $57,000. Farther Finance Advisors LLC boosted its stake in Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after acquiring an additional 249 shares during the period. Capital Performance Advisors LLP acquired a new position in Service Co. International in the third quarter valued at approximately $80,000. Finally, Quest Partners LLC boosted its stake in Service Co. International by 110,300.0% in the third quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after acquiring an additional 1,103 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Tony Coelho sold 2,555 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the sale, the director now owns 53,324 shares of the company’s stock, valued at $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the transaction, the vice president now directly 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. Insiders have sold a total of 108,655 shares of company stock valued at $9,356,203 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

SCI opened at $81.56 on Friday. The business’s 50 day moving average is $79.87 and its 200-day moving average is $79.55. The stock has a market cap of $11.80 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

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

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.