Commerce Bank trimmed its position in Service Co. International (NYSE:SCI) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,726 shares of the company’s stock after selling 2,645 shares during the period. Commerce Bank’s holdings in Service Co. International were worth $1,668,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. TRUE Private Wealth Advisors purchased a new stake in Service Co. International in the third quarter worth $125,000. Fort L.P. purchased a new stake in Service Co. International in the second quarter worth $120,000. Steward Partners Investment Advisory LLC grew its stake in Service Co. International by 707.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock worth $151,000 after purchasing an additional 2,999 shares during the period. Townsend & Associates Inc purchased a new stake in Service Co. International in the third quarter worth $164,000. Finally, Hirtle Callaghan & Co LLC purchased a new stake in Service Co. International in the second quarter worth $161,000. 86.57% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on SCI. Raymond James upped their price target on Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Oppenheimer upped their price target on Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Credit Suisse Group increased their target price on Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research raised Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.17.
NYSE SCI opened at $44.81 on Friday. Service Co. International has a 12 month low of $33.45 and a 12 month high of $45.42. The firm has a market capitalization of $7.97 billion, a PE ratio of 28.91, a P/E/G ratio of 1.95 and a beta of 1.03. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.49 and a current ratio of 0.54.
Service Co. International (NYSE:SCI) last released its earnings results on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $778.80 million during the quarter, compared to analysts’ expectations of $762.60 million. During the same period in the prior year, the company posted $0.33 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Service Co. International will post 1.82 earnings per share for the current year.
In other news, VP Steven A. Tidwell sold 32,150 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $41.80, for a total value of $1,343,870.00. Following the sale, the vice president now directly owns 78,747 shares of the company’s stock, valued at $3,291,624.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Blair Waltrip sold 50,000 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $42.50, for a total value of $2,125,000.00. Following the completion of the sale, the director now directly owns 616,244 shares in the company, valued at $26,190,370. The disclosure for this sale can be found here. Over the last three months, insiders sold 282,150 shares of company stock worth $11,706,670. Insiders own 6.20% of the company’s stock.
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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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