Service Co. International (NYSE:SCI) Stake Trimmed by Dudley & Shanley Inc.

Dudley & Shanley Inc. reduced its holdings in shares of Service Co. International (NYSE:SCI) by 0.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 390,278 shares of the company’s stock after selling 160 shares during the period. Service Co. International comprises 4.9% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 4th largest holding. Dudley & Shanley Inc. owned approximately 0.27% of Service Co. International worth $28,963,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. TFO Wealth Partners LLC increased its position in shares of Service Co. International by 12,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after purchasing an additional 366 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Service Co. International in the 1st quarter valued at $31,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Service Co. International by 204.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock valued at $41,000 after buying an additional 402 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Service Co. International in the 4th quarter valued at $42,000. Finally, M&R Capital Management Inc. boosted its holdings in shares of Service Co. International by 125.5% in the 4th quarter. M&R Capital Management Inc. now owns 902 shares of the company’s stock valued at $62,000 after buying an additional 502 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 17th. Truist Financial upped their target price on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Oppenheimer upped their target price on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Buying and Selling

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $72.38, for a total transaction of $209,902.00. Following the transaction, the director now directly owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Victor L. Lund sold 1,011 shares of Service Co. International stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $70.00, for a total transaction of $70,770.00. Following the sale, the director now owns 7,606 shares in the company, valued at $532,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now owns 60,629 shares in the company, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,517 shares of company stock valued at $813,092. Insiders own 4.60% of the company’s stock.

Service Co. International Trading Down 0.5 %

Shares of NYSE SCI traded down $0.32 during midday trading on Wednesday, reaching $70.08. 464,551 shares of the stock were exchanged, compared to its average volume of 871,427. The company has a market capitalization of $10.20 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.92 and a beta of 0.84. Service Co. International has a 52-week low of $52.89 and a 52-week high of $75.97. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The stock has a 50 day moving average price of $71.05 and a 200-day moving average price of $70.61.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. Equities research analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. Service Co. International’s dividend payout ratio is presently 34.48%.

About Service Co. International

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.