Service Co. International (NYSE:SCI) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in Service Co. International (NYSE:SCI) by 7,802.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,586 shares of the company’s stock after acquiring an additional 7,490 shares during the quarter. International Assets Investment Management LLC’s holdings in Service Co. International were worth $599,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SCI. Fidelis Capital Partners LLC acquired a new stake in Service Co. International during the 1st quarter worth $86,000. Financial Counselors Inc. purchased a new stake in Service Co. International in the 1st quarter valued at about $211,000. Whittier Trust Co. increased its stake in Service Co. International by 406.5% during the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Service Co. International during the first quarter worth about $308,000. Finally, Larson Financial Group LLC grew its position in shares of Service Co. International by 128.1% during the first quarter. Larson Financial Group LLC now owns 2,861 shares of the company’s stock worth $212,000 after buying an additional 1,607 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Price Performance

Service Co. International stock opened at $83.76 on Wednesday. Service Co. International has a 12 month low of $57.03 and a 12 month high of $83.94. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The business has a 50 day simple moving average of $77.86 and a 200-day simple moving average of $74.38. The stock has a market capitalization of $12.09 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.39 and a beta of 0.83.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. Service Co. International’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities analysts predict that Service Co. International will post 3.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Raymond James boosted their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial upped their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.25.

Insiders Place Their Bets

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.60% of the stock is currently owned by company insiders.

About Service Co. International

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.