Sargent Investment Group LLC Makes New Investment in Service Co. International (NYSE:SCI)

Sargent Investment Group LLC purchased a new stake in Service Co. International (NYSE:SCI) in the 2nd quarter, HoldingsChannel reports. The fund purchased 5,863 shares of the company’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its stake in Service Co. International by 12,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after purchasing an additional 366 shares during the period. nVerses Capital LLC grew its holdings in shares of Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Rise Advisors LLC acquired a new position in Service Co. International during the first quarter valued at $31,000. Whittier Trust Co. lifted its stake in Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after acquiring an additional 435 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in Service Co. International during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SCI. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Oppenheimer lifted their target price on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Finally, Truist Financial lifted their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.60.

Service Co. International Stock Performance

NYSE:SCI opened at $80.30 on Tuesday. The firm has a market capitalization of $11.60 billion, a PE ratio of 23.07, a PEG ratio of 2.30 and a beta of 0.84. Service Co. International has a 1 year low of $52.89 and a 1 year high of $80.51. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. The firm’s fifty day simple moving average is $76.00 and its 200 day simple moving average is $73.14.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Insiders Place Their Bets

In other news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International 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.