Service Co. International (SCI) Holdings Reduced by Acadian Asset Management LLC

Acadian Asset Management LLC cut its position in shares of Service Co. International (NYSE:SCI) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,838,077 shares of the company’s stock after selling 124,635 shares during the quarter. Acadian Asset Management LLC owned 1.57% of Service Co. International worth $125,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fort L.P. acquired a new position in shares of Service Co. International during the second quarter valued at $120,000. TRUE Private Wealth Advisors acquired a new position in shares of Service Co. International during the third quarter valued at $125,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Service Co. International by 707.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock valued at $151,000 after purchasing an additional 2,999 shares during the period. Hirtle Callaghan & Co LLC acquired a new position in shares of Service Co. International during the second quarter valued at $161,000. Finally, Townsend & Associates Inc acquired a new position in shares of Service Co. International during the third quarter valued at $164,000. Hedge funds and other institutional investors own 89.73% of the company’s stock.

In other news, VP Gregory T. Sangalis sold 16,383 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $45.00, for a total transaction of $737,235.00. Following the completion of the sale, the vice president now directly owns 121,600 shares of the company’s stock, valued at approximately $5,472,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tammy R. Moore sold 24,500 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $45.00, for a total value of $1,102,500.00. Following the sale, the insider now directly owns 64,113 shares of the company’s stock, valued at $2,885,085. The disclosure for this sale can be found here. Insiders have sold a total of 355,100 shares of company stock valued at $15,711,115 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.

Shares of NYSE:SCI traded up $0.64 during midday trading on Thursday, reaching $44.04. The company had a trading volume of 1,667,137 shares, compared to its average volume of 1,325,217. Service Co. International has a 1-year low of $35.19 and a 1-year high of $45.42. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 2.38.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business had revenue of $778.80 million for the quarter, compared to analyst estimates of $762.60 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that Service Co. International will post 1.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.54%. Service Co. International’s payout ratio is presently 43.87%.

Several research analysts recently weighed in on the company. Zacks Investment Research reaffirmed a “sell” rating on shares of Service Co. International in a research note on Thursday, November 15th. Raymond James raised their target price on Service Co. International from $45.00 to $47.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group raised their target price on Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Oppenheimer raised their target price on Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Finally, ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $46.17.

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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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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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