Service Co. International (NYSE:SCI) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in Service Co. International (NYSE:SCI) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,277 shares of the company’s stock after purchasing an additional 3,375 shares during the period. Allspring Global Investments Holdings LLC owned about 0.13% of Service Co. International worth $14,348,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SCI. nVerses Capital LLC grew its stake in shares of Service Co. International by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after purchasing an additional 300 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Service Co. International in the 3rd quarter worth approximately $57,000. Farther Finance Advisors LLC grew its stake in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after purchasing an additional 249 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Service Co. International in the 3rd quarter worth approximately $80,000. Finally, Quest Partners LLC increased its position in shares of Service Co. International by 110,300.0% in the third quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock worth $87,000 after acquiring an additional 1,103 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Stock Performance

SCI stock opened at $77.13 on Tuesday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market cap of $11.15 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.01 and a beta of 0.87. The firm has a 50 day simple moving average of $79.38 and a 200 day simple moving average of $79.56. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company’s stock, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SCI has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Raymond James lifted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

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.