Insider Selling: Service Co. International (SCI) VP Sells $2,383,592.00 in Stock
Service Co. International (NYSE:SCI) VP Elisabeth G. Nash sold 53,600 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $44.47, for a total transaction of $2,383,592.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Service Co. International stock opened at $44.29 on Friday. The company has a market capitalization of $8.08 billion, a PE ratio of 28.57, a P/E/G ratio of 1.97 and a beta of 1.03. Service Co. International has a twelve month low of $34.96 and a twelve month high of $45.42. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 2.38.
Service Co. International (NYSE:SCI) last announced its earnings results on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business had revenue of $778.80 million for the quarter, compared to analyst estimates of $762.60 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Service Co. International will post 1.82 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA boosted its holdings in Service Co. International by 45.8% during the third quarter. Glenmede Trust Co. NA now owns 179,118 shares of the company’s stock worth $7,916,000 after purchasing an additional 56,308 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Service Co. International by 1.4% during the third quarter. Macquarie Group Ltd. now owns 1,329,128 shares of the company’s stock worth $58,747,000 after purchasing an additional 18,100 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Service Co. International during the third quarter worth $227,000. DF Dent & Co. Inc. acquired a new position in Service Co. International during the third quarter worth $270,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Service Co. International by 3.3% during the third quarter. Thrivent Financial for Lutherans now owns 43,149 shares of the company’s stock worth $1,907,000 after purchasing an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research reiterated a “sell” rating on shares of Service Co. International in a report on Thursday. Oppenheimer upped their price target on shares of Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, October 26th. Raymond James upped their price target on shares of Service Co. International from $45.00 to $47.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Credit Suisse Group upped their price target on shares of Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.17.
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About Service Co. International
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.
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