Dynamic Technology Lab Private Ltd Buys Shares of 11,180 Service Co. International (NYSE:SCI)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Service Co. International (NYSE:SCI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,180 shares of the company's stock, valued at approximately $882,000.

A number of other large investors also recently made changes to their positions in the company. nVerses Capital LLC increased its holdings in Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. increased its holdings in Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company's stock worth $53,000 after buying an additional 389 shares during the last quarter. Quarry LP increased its holdings in Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company's stock worth $56,000 after buying an additional 569 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Service Co. International during the third quarter worth about $57,000. Finally, Farther Finance Advisors LLC increased 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 during the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Activity at Service Co. International

In related news, Director Tony Coelho sold 2,555 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares of the company's stock, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,655 shares of company stock valued at $9,356,203. Corporate insiders own 4.60% of the company's stock.

Analysts Set New Price Targets

SCI has been the subject of a number of research analyst reports. Raymond James raised their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Truist Financial raised their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.25.

Service Co. International Stock Performance

Shares of SCI traded up $0.31 during trading hours on Thursday, hitting $88.60. The company's stock had a trading volume of 517,483 shares, compared to its average volume of 911,069. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.59 and a beta of 0.83. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The business has a 50 day simple moving average of $80.24 and a two-hundred day simple moving average of $76.16. Service Co. International has a 52-week low of $60.60 and a 52-week high of $89.31.

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

Service Co. International Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.40%. This is a boost from Service Co. International's previous quarterly dividend of $0.30. Service Co. International's payout ratio is currently 34.88%.

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.