Edgestream Partners L.P. Takes $2.21 Million Position in Service Co. International (NYSE:SCI)

Edgestream Partners L.P. purchased a new position in shares of Service Co. International (NYSE:SCI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,977 shares of the company's stock, valued at approximately $2,208,000.

Several other large investors also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Service Co. International in the first quarter worth $917,000. GAMMA Investing LLC lifted its position in Service Co. International by 25.4% during the second quarter. GAMMA Investing LLC now owns 1,572 shares of the company's stock valued at $112,000 after purchasing an additional 318 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in Service Co. International by 1.1% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 25,921 shares of the company's stock worth $1,844,000 after buying an additional 271 shares in the last quarter. CX Institutional increased its holdings in shares of Service Co. International by 9.6% in the 2nd quarter. CX Institutional now owns 12,414 shares of the company's stock worth $883,000 after buying an additional 1,084 shares during the last quarter. Finally, BDF Gestion purchased a new stake in shares of Service Co. International during the 2nd quarter valued at $3,948,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCI. Truist Financial lifted their price target on Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, StockNews.com lowered Service Co. International from a "hold" rating to a "sell" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.25.

Service Co. International Trading Down 0.3 %

Shares of NYSE:SCI traded down $0.23 on Tuesday, reaching $87.91. 712,828 shares of the company traded hands, compared to its average volume of 907,977. Service Co. International has a 52 week low of $61.38 and a 52 week high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The business's 50-day simple moving average is $80.94 and its 200 day simple moving average is $76.71. The stock has a market capitalization of $12.71 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 2.57 and a beta of 0.85.

Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $1.01 billion for 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 firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts anticipate that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.31 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. Service Co. International's dividend payout ratio (DPR) is currently 34.88%.

Insiders Place Their Bets

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 53,324 shares in the company, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,655 shares of company stock worth $9,356,203. 4.60% of the stock is currently owned by corporate insiders.

Service Co. International Company 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.