Rothschild Asset Management Inc. grew its position in shares of Service Co. International (NYSE:SCI) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,244 shares of the company’s stock after purchasing an additional 2,787 shares during the quarter. Rothschild Asset Management Inc.’s holdings in Service Co. International were worth $31,937,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. increased its holdings in shares of Service Co. International by 16.9% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 374,245 shares of the company’s stock valued at $13,979,000 after purchasing an additional 54,055 shares in the last quarter. Bank of Montreal Can grew its stake in Service Co. International by 170.4% in the 4th quarter. Bank of Montreal Can now owns 28,224 shares of the company’s stock valued at $1,053,000 after acquiring an additional 17,787 shares during the period. Polaris Greystone Financial Group LLC grew its stake in Service Co. International by 8.7% in the 4th quarter. Polaris Greystone Financial Group LLC now owns 260,211 shares of the company’s stock valued at $9,711,000 after acquiring an additional 20,800 shares during the period. California Public Employees Retirement System grew its stake in Service Co. International by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 407,106 shares of the company’s stock valued at $15,193,000 after acquiring an additional 6,902 shares during the period. Finally, Contravisory Investment Management Inc. grew its stake in Service Co. International by 118,665.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 98,575 shares of the company’s stock valued at $3,679,000 after acquiring an additional 98,492 shares during the period. 88.28% of the stock is owned by hedge funds and other institutional investors.
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A number of equities research analysts recently issued reports on SCI shares. Zacks Investment Research cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Oppenheimer reissued a “buy” rating and issued a $42.00 price target on shares of Service Co. International in a research note on Thursday, January 18th. Bank of America lifted their price target 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. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Finally, Deutsche Bank lifted their target price on shares of Service Co. International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.20.
In other news, Director Tony Coelho sold 3,110 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $39.11, for a total transaction of $121,632.10. Following the transaction, the director now owns 63,240 shares of the company’s stock, valued at approximately $2,473,316.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.20% of the company’s stock.
Shares of Service Co. International opened at $37.42 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.55 and a current ratio of 0.59. The stock has a market cap of $6.81 billion, a PE ratio of 24.14, a PEG ratio of 1.69 and a beta of 0.94. Service Co. International has a twelve month low of $37.20 and a twelve month high of $37.44.
Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $794.50 million for the quarter, compared to analysts’ expectations of $806.09 million. Service Co. International had a net margin of 14.59% and a return on equity of 23.42%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. analysts forecast that Service Co. International will post 1.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.82%. Service Co. International’s payout ratio is 43.87%.
Service Co. International announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $298.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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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