Service Co. International (NYSE:SCI) Shares Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. trimmed its holdings in shares of Service Co. International (NYSE:SCI) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,053 shares of the company’s stock after selling 8,267 shares during the period. Service Co. International comprises approximately 4.6% of Dudley & Shanley Inc.’s holdings, making the stock its 6th biggest holding. Dudley & Shanley Inc. owned 0.26% of Service Co. International worth $29,777,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SCI. Dimensional Fund Advisors LP increased its position in Service Co. International by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after buying an additional 135,017 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in 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 purchasing an additional 19,418 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Service Co. International by 7,802.1% during the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock worth $599,000 after purchasing an additional 7,490 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Service Co. International by 263.1% during the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock worth $1,206,000 after buying an additional 11,530 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Service Co. International by 14.1% in the second quarter. Sei Investments Co. now owns 118,087 shares of the company’s stock valued at $8,400,000 after buying an additional 14,610 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Trading Up 0.6 %

Shares of Service Co. International stock traded up $0.49 during trading hours on Friday, reaching $77.93. The stock had a trading volume of 286,183 shares, compared to its average volume of 951,980. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 1 year low of $64.10 and a 1 year high of $89.37. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.51 and a beta of 0.85. The firm has a 50 day simple moving average of $83.97 and a two-hundred day simple moving average of $78.46.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.31 per share. 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. This represents a $1.24 annualized dividend and a yield of 1.59%. Service Co. International’s payout ratio is 34.88%.

Insiders Place Their Bets

In related news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the firm’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 transaction of $4,831,893.00. Following the sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at $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 in the last 90 days. 4.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Oppenheimer lifted their price objective on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Raymond James increased their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price target 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 hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.50.

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.