Quantinno Capital Management LP Grows Holdings in Service Co. International (NYSE:SCI)

Quantinno Capital Management LP boosted its holdings in shares of Service Co. International (NYSE:SCI) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,410 shares of the company’s stock after purchasing an additional 1,810 shares during the period. Quantinno Capital Management LP’s holdings in Service Co. International were worth $1,869,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Service Co. International during the fourth quarter worth about $25,000. Quarry LP lifted its position in Service Co. International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company’s stock worth $37,000 after acquiring an additional 367 shares during the period. Mizuho Bank Ltd. acquired a new stake in Service Co. International during the 4th quarter worth approximately $40,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Service Co. International in the 4th quarter valued at approximately $40,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Service Co. International in the fourth quarter valued at approximately $52,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Stock Down 0.3%

Service Co. International stock opened at $77.42 on Thursday. The stock’s 50 day moving average price is $77.79 and its 200 day moving average price is $80.17. Service Co. International has a 1-year low of $68.82 and a 1-year high of $89.37. The company has a market cap of $11.02 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $0.89 earnings per share. Service Co. International’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, June 13th. Service Co. International’s dividend payout ratio is currently 35.16%.

Insiders Place Their Bets

In related news, Director Tony Coelho sold 5,400 shares of Service Co. International stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director now directly owns 43,938 shares of the company’s stock, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This trade represents a 4.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,900 shares of company stock worth $5,153,461. 4.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SCI shares. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. UBS Group reduced their target price on shares of Service Co. International from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

Service Co. International 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.