Service Co. International (NYSE:SCI) Stock Holdings Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in Service Co. International (NYSE:SCI) by 0.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 40,100 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Service Co. International were worth $3,201,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SCI. M&T Bank Corp grew its holdings in shares of 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 acquiring an additional 123 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of 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 acquiring an additional 182 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Service Co. International by 4.2% during the 3rd quarter. QRG Capital Management Inc. now owns 5,396 shares of the company’s stock valued at $426,000 after acquiring an additional 217 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Service Co. International by 20.1% during the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company’s stock valued at $110,000 after acquiring an additional 234 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Service Co. International by 36.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Monday. Raymond James upped their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer upped their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Truist Financial upped their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Stock Up 7.3 %

Service Co. International stock opened at $81.56 on Friday. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.01 and a beta of 0.87. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The firm has a fifty day moving average price of $79.87 and a two-hundred day moving average price of $79.55.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. As a group, analysts forecast that Service Co. International will post 3.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 in the last quarter. Insiders own 5.10% of the company’s stock.

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.