Opus Capital Group LLC Cuts Stock Position in Service Co. International (NYSE:SCI)

Opus Capital Group LLC reduced its position in Service Co. International (NYSE:SCI) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,860 shares of the company’s stock after selling 7,980 shares during the quarter. Service Co. International accounts for about 0.6% of Opus Capital Group LLC’s holdings, making the stock its 28th largest holding. Opus Capital Group LLC’s holdings in Service Co. International were worth $5,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. M&T Bank Corp raised its position in Service Co. International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock valued at $888,000 after purchasing an additional 123 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in Service Co. International by 1.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,582 shares of the company’s stock valued at $1,072,000 after purchasing an additional 182 shares during the last quarter. Stanley Laman Group Ltd. raised its position in shares of Service Co. International by 0.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company’s stock worth $3,201,000 after acquiring an additional 214 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Service Co. International by 4.2% in the 3rd quarter. QRG Capital Management Inc. now owns 5,396 shares of the company’s stock worth $426,000 after acquiring an additional 217 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Service Co. International by 20.1% in the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company’s stock worth $110,000 after acquiring an additional 234 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial increased their target price on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their target price on Service Co. International from $86.00 to $92.00 and gave the stock 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, StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the sale, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Service Co. International Stock Performance

Service Co. International stock opened at $77.13 on Monday. 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 $11.15 billion, a P/E ratio of 22.42, a PEG ratio of 2.01 and a beta of 0.87. The stock’s 50 day moving average is $79.57 and its 200 day moving average is $79.55. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. On average, equities research analysts predict that Service Co. International will post 3.51 earnings per share for the current fiscal year.

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.