Service Co. International (NYSE:SCI) Shares Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. boosted its holdings in shares of Service Co. International (NYSE:SCI) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,098 shares of the company’s stock after acquiring an additional 214 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Service Co. International were worth $3,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in shares of Service Co. International by 263.1% in the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock valued at $1,206,000 after buying an additional 11,530 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Service Co. International by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 181,902 shares of the company’s stock valued at $14,358,000 after buying an additional 19,418 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Service Co. International by 7,802.1% in the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock valued at $599,000 after buying an additional 7,490 shares during the period. Geode Capital Management LLC raised its holdings in shares of Service Co. International by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after buying an additional 156,086 shares during the period. Finally, Premier Fund Managers Ltd raised its holdings in shares of Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after buying an additional 210,802 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling 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 stock was 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 $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the sale, the vice president now directly owns 109,260 shares in the company, 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 sold a total of 108,655 shares of company stock worth $9,356,203 over the last ninety days. Company insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

SCI stock opened at $75.81 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $10.96 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The stock’s fifty day simple moving average is $79.87 and its 200-day simple moving average is $79.55. Service Co. International has a 52-week low of $66.05 and a 52-week high of $89.37.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. Equities research analysts expect that Service Co. International will post 3.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCI. Raymond James boosted their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial boosted their target price 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. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Oppenheimer boosted their target price on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Service Co. International currently has an average rating of “Moderate Buy” and a consensus target price 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.