Dynamic Technology Lab Private Ltd Makes New Investment in Service Co. International (NYSE:SCI)

Dynamic Technology Lab Private Ltd purchased a new position in Service Co. International (NYSE:SCI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,180 shares of the company’s stock, valued at approximately $882,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. nVerses Capital LLC lifted its holdings in shares of Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Blue Trust Inc. grew its stake in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares during the period. Quarry LP increased its holdings in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after purchasing an additional 569 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Service Co. International in the 3rd quarter valued at $57,000. Finally, Farther Finance Advisors LLC boosted its holdings in Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SCI. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Raymond James increased their target price 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, Truist Financial lifted their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.25.

Insider Buying and Selling

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the sale, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,655 shares of company stock valued at $9,356,203. Corporate insiders own 4.60% of the company’s stock.

Service Co. International Trading Up 0.4 %

SCI opened at $88.61 on Thursday. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.59 and a beta of 0.83. The company’s 50 day simple moving average is $80.06 and its two-hundred day simple moving average is $76.08. Service Co. International has a 1-year low of $60.60 and a 1-year high of $89.31. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Analysts expect that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.31 per share. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.40%. Service Co. International’s dividend payout ratio is presently 34.88%.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.