Arrowstreet Capital Limited Partnership Has $72.74 Million Stock Holdings in Service Co. International (NYSE:SCI)

Arrowstreet Capital Limited Partnership increased its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 237.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 911,294 shares of the company's stock after buying an additional 641,552 shares during the period. Arrowstreet Capital Limited Partnership owned 0.63% of Service Co. International worth $72,739,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SCI. SBI Securities Co. Ltd. bought a new stake in shares of Service Co. International during the fourth quarter worth approximately $25,000. Vision Financial Markets LLC bought a new stake in Service Co. International in the 4th quarter valued at $52,000. Whipplewood Advisors LLC bought a new stake in Service Co. International in the 4th quarter valued at $60,000. Blue Trust Inc. grew its holdings in Service Co. International by 20.1% in the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company's stock valued at $110,000 after buying an additional 234 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Service Co. International by 13.9% during the 4th quarter. Principal Securities Inc. now owns 1,936 shares of the company's stock worth $155,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Activity

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the transaction, the director now owns 46,824 shares of the company's stock, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.

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Service Co. International Price Performance

Shares of SCI traded down $4.32 during trading hours on Friday, hitting $77.06. 2,006,372 shares of the company were exchanged, compared to its average volume of 999,819. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 1.90 and a beta of 0.81. The firm's fifty day moving average is $79.19 and its 200 day moving average is $80.22.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, equities analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.32 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. Service Co. International's dividend payout ratio (DPR) is presently 36.06%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday. Oppenheimer boosted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $88.50.

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.