Versor Investments LP Invests $267,000 in Service Co. International (NYSE:SCI)

Versor Investments LP bought a new stake in Service Co. International (NYSE:SCI) in the 4th quarter, Holdings Channel.com reports. The firm bought 3,347 shares of the company’s stock, valued at approximately $267,000.

Several other hedge funds have also bought and sold shares of the company. M&T Bank Corp lifted its position in shares of Service Co. International by 1.1% in the third quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock valued at $888,000 after buying an additional 123 shares during the last quarter. CIBC Asset Management Inc raised its stake in Service Co. International by 2.7% in the 4th quarter. CIBC Asset Management Inc now owns 5,167 shares of the company’s stock valued at $412,000 after acquiring an additional 138 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in Service Co. International by 1.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,582 shares of the company’s stock valued at $1,072,000 after purchasing an additional 182 shares during the last quarter. Stanley Laman Group Ltd. boosted its position in Service Co. International by 0.5% during the fourth quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company’s stock worth $3,201,000 after purchasing an additional 214 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of Service Co. International by 4.2% in the third quarter. QRG Capital Management Inc. now owns 5,396 shares of the company’s stock valued at $426,000 after purchasing an additional 217 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SCI. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Oppenheimer increased their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Stock Down 1.3 %

SCI stock opened at $79.96 on Tuesday. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.90 and a beta of 0.87. The business’s fifty day moving average price is $78.52 and its two-hundred day moving average price is $79.93.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, equities analysts anticipate that Service Co. International will post 3.84 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 Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International’s payout ratio is presently 36.06%.

About Service Co. International

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.