Lombard Odier Asset Management Europe Ltd Makes New $14.23 Million Investment in Service Co. International (NYSE:SCI)

Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Service Co. International (NYSE:SCI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $14,226,000. Lombard Odier Asset Management Europe Ltd owned about 0.14% of Service Co. International as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. bought a new position in shares of Service Co. International during the fourth quarter valued at $216,000. Beacon Pointe Advisors LLC purchased a new position in Service Co. International in the fourth quarter worth about $209,000. Norges Bank bought a new position in shares of Service Co. International in the fourth quarter worth approximately $92,331,000. Wells Fargo & Company MN grew its holdings in shares of Service Co. International by 7.9% during the fourth quarter. Wells Fargo & Company MN now owns 223,836 shares of the company’s stock valued at $15,322,000 after buying an additional 16,355 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Service Co. International by 122.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 24,116 shares of the company’s stock valued at $1,651,000 after acquiring an additional 13,296 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SCI has been the subject of a number of research analyst reports. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Truist Financial boosted 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 analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $77.60.

Service Co. International Stock Performance

SCI stock opened at $79.50 on Monday. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32. The company has a market cap 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. The stock’s fifty day moving average price is $76.74 and its 200-day moving average price is $73.31.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. Service Co. International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. On average, equities analysts forecast that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

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

Insider Activity

In related news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the firm’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 of the company’s stock, valued at $73,109,359.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of the company’s 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 disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

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.