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

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

Other large investors have also modified their holdings of the company. nVerses Capital LLC grew its position in 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 buying an additional 200 shares during the last quarter. Blue Trust Inc. increased its position in Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares during the period. Quarry LP boosted its stake in shares of 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 buying an additional 569 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in Service Co. International in the third quarter valued at $57,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Up 0.4 %

Shares of NYSE:SCI opened at $88.61 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 company has a market capitalization of $12.82 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.59 and a beta of 0.83. Service Co. International has a 52-week low of $60.60 and a 52-week high of $89.31. The stock’s fifty day simple moving average is $80.06 and its 200-day simple moving average is $76.08.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.40%. Service Co. International’s payout ratio is 34.88%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James lifted their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Truist Financial upped their target price on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.25.

Insiders Place Their Bets

In other news, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction dated 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 $9,410,563.80. This represents a 33.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock valued at $9,356,203 in the last quarter. 4.60% of the stock is currently owned by company 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.