Service Co. International (SCI) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its position in shares of Service Co. International (NYSE:SCI) by 34.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,717,805 shares of the company’s stock after acquiring an additional 694,662 shares during the quarter. Service Co. International accounts for approximately 0.7% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 24th biggest position. Public Employees Retirement Association of Colorado’s holdings in Service Co. International were worth $120,127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Service Co. International by 3.0% during the 2nd quarter. BlackRock Inc. now owns 17,373,394 shares of the company’s stock valued at $621,792,000 after acquiring an additional 499,259 shares during the period. First Manhattan Co. boosted its holdings in Service Co. International by 13.0% during the 3rd quarter. First Manhattan Co. now owns 4,098,667 shares of the company’s stock valued at $181,161,000 after acquiring an additional 469,944 shares during the period. Acadian Asset Management LLC boosted its holdings in Service Co. International by 4.9% during the 2nd quarter. Acadian Asset Management LLC now owns 2,962,712 shares of the company’s stock valued at $106,036,000 after acquiring an additional 137,876 shares during the period. Handelsbanken Fonder AB boosted its holdings in Service Co. International by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,779,736 shares of the company’s stock valued at $122,864,000 after acquiring an additional 28,736 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Service Co. International by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,589,606 shares of the company’s stock valued at $56,893,000 after acquiring an additional 23,564 shares during the period. Institutional investors own 86.11% of the company’s stock.

Service Co. International stock traded down $0.28 during midday trading on Monday, reaching $42.63. 148,029 shares of the stock traded hands, compared to its average volume of 1,264,776. Service Co. International has a 12-month low of $33.45 and a 12-month high of $44.53. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.56 and a quick ratio of 0.51.



A number of brokerages recently commented on SCI. Oppenheimer raised their target price on Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a report on Friday. Credit Suisse Group raised their target price on Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, September 17th. ValuEngine upgraded Service Co. International from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Zacks Investment Research upgraded Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.00.

In other news, CEO Thomas L. Ryan sold 142,000 shares of Service Co. International stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $38.87, for a total value of $5,519,540.00. Following the completion of the transaction, the chief executive officer now owns 1,086,178 shares in the company, valued at approximately $42,219,738.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward E. Williams sold 7,835 shares of Service Co. International stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $39.52, for a total value of $309,639.20. Following the completion of the transaction, the director now owns 56,663 shares of the company’s stock, valued at approximately $2,239,321.76. The disclosure for this sale can be found here. Insiders sold a total of 845,985 shares of company stock valued at $33,859,909 in the last quarter. Company insiders own 6.60% of the company’s stock.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

Further Reading: Momentum Indicator: Relative Strength Index

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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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