Kayne Anderson Rudnick Investment Management LLC Has $2.44 Million Holdings in Service Co. International (NYSE:SCI)

Kayne Anderson Rudnick Investment Management LLC decreased its position in Service Co. International (NYSE:SCI) by 47.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,285 shares of the company’s stock after selling 30,728 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Service Co. International were worth $2,439,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. TFO Wealth Partners LLC lifted its stake in shares of Service Co. International by 12,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after purchasing an additional 366 shares during the period. nVerses Capital LLC lifted its stake in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Rise Advisors LLC bought a new position in shares of Service Co. International during the 1st quarter worth approximately $31,000. Whittier Trust Co. boosted its holdings in shares of Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after buying an additional 435 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Service Co. International during the 4th quarter worth approximately $42,000. Institutional investors own 85.53% of the company’s stock.

Insider Activity

In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Truist Financial upped their target price on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.60.

Service Co. International Price Performance

SCI stock opened at $79.50 on Monday. The business has a 50-day simple moving average of $76.74 and a two-hundred day simple moving average of $73.31. The company has a market capitalization of $11.58 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84. Service Co. International has a 52-week low of $52.89 and a 52-week high of $81.32. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Research analysts expect that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, September 13th. Service Co. International’s payout ratio is 34.48%.

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.