Dudley & Shanley Inc. trimmed its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373,053 shares of the company's stock after selling 8,267 shares during the quarter. Service Co. International accounts for approximately 4.6% of Dudley & Shanley Inc.'s portfolio, making the stock its 6th biggest position. Dudley & Shanley Inc. owned about 0.26% of Service Co. International worth $29,777,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC raised its stake in shares of Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $28,000 after acquiring an additional 200 shares during the period. Waldron Private Wealth LLC acquired a new stake in Service Co. International in the 3rd quarter valued at approximately $57,000. Quarry LP raised its position in Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company's stock valued at $56,000 after purchasing an additional 569 shares during the period. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 249 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Service Co. International during the third quarter worth $80,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Service Co. International
In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the firm'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 sale, the director now owns 53,324 shares of the company's stock, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the transaction, the vice president now owns 109,260 shares of the company's stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock worth $9,356,203 over the last ninety days. Corporate insiders own 4.60% of the company's stock.
Service Co. International Stock Up 0.4 %
SCI stock traded up $0.28 during mid-day trading on Friday, reaching $77.72. The company had a trading volume of 837,269 shares, compared to its average volume of 1,241,734. The firm has a fifty day simple moving average of $84.01 and a 200 day simple moving average of $78.49. 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 company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. Service Co. International has a fifty-two week low of $64.10 and a fifty-two week high of $89.37.
Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. Analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from Service Co. International's previous quarterly dividend of $0.30. Service Co. International's dividend payout ratio is 34.88%.
Analysts Set New Price Targets
Several research firms recently issued reports on SCI. Raymond James boosted 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. Oppenheimer boosted their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th. Finally, Truist Financial upped their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Service Co. International presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.
View Our Latest Stock Analysis on Service Co. International
Service Co. International Profile
(
Free Report)
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.
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