Stanley Laman Group Ltd. Acquires 214 Shares of Service Co. International (NYSE:SCI)

Stanley Laman Group Ltd. raised its holdings in shares of Service Co. International (NYSE:SCI) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,098 shares of the company’s stock after purchasing an additional 214 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Service Co. International were worth $3,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCI. Sanctuary Advisors LLC purchased a new position in Service Co. International during the 2nd quarter worth $344,000. Ritholtz Wealth Management lifted its holdings in Service Co. International by 15.8% during the third quarter. Ritholtz Wealth Management now owns 8,771 shares of the company’s stock valued at $692,000 after purchasing an additional 1,194 shares during the last quarter. CX Institutional lifted its holdings in Service Co. International by 8.0% during the third quarter. CX Institutional now owns 13,405 shares of the company’s stock valued at $1,058,000 after purchasing an additional 991 shares during the last quarter. Creative Planning lifted its holdings in Service Co. International by 10.0% during the third quarter. Creative Planning now owns 26,399 shares of the company’s stock valued at $2,084,000 after purchasing an additional 2,394 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Service Co. International by 1.9% during the third quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock valued at $228,899,000 after purchasing an additional 55,000 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SCI. Raymond James upped their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial upped their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Oppenheimer upped their price target on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Service Co. International currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Insider Activity at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the sale, the vice president now owns 109,260 shares in the company, valued at $9,410,563.80. The trade was a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock worth $9,356,203 in the last quarter. 5.10% of the stock is owned by company insiders.

Service Co. International Trading Down 2.0 %

Shares of NYSE:SCI opened at $75.81 on Thursday. Service Co. International has a 52-week low of $66.05 and a 52-week high of $89.37. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market capitalization of $10.96 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.01 and a beta of 0.87. The stock’s 50-day simple moving average is $79.87 and its two-hundred day simple moving average is $79.55.

Service Co. International (NYSE:SCI) last posted 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 return on equity of 31.84% and a net margin of 12.19%. Analysts expect that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Company Profile

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.