Savant Capital LLC Purchases New Position in Service Co. International (NYSE:SCI)

Savant Capital LLC purchased a new stake in Service Co. International (NYSE:SCI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,705 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp boosted its holdings in Service Co. International by 1.1% in the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock valued at $888,000 after purchasing an additional 123 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in Service Co. International by 1.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,582 shares of the company’s stock valued at $1,072,000 after purchasing an additional 182 shares during the period. QRG Capital Management Inc. boosted its holdings in Service Co. International by 4.2% in the 3rd quarter. QRG Capital Management Inc. now owns 5,396 shares of the company’s stock valued at $426,000 after purchasing an additional 217 shares during the period. Blue Trust Inc. boosted its holdings in Service Co. International by 20.1% in the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company’s stock valued at $110,000 after purchasing an additional 234 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SCI shares. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Tuesday. Raymond James boosted their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Truist Financial upped their price target on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $79.01 on Thursday. The company has a 50 day moving average of $79.09 and a 200-day moving average of $79.59. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The company has a market cap of $11.39 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.83 and a beta of 0.87.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, equities research analysts forecast that Service Co. International will post 3.9 earnings per share for the current fiscal year.

Service Co. International Company 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.