Dudley & Shanley Inc. decreased its stake in Service Co. International (NYSE:SCI) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 683,372 shares of the company’s stock after selling 18,703 shares during the quarter. Service Co. International makes up 7.1% of Dudley & Shanley Inc.’s portfolio, making the stock its 5th biggest holding. Dudley & Shanley Inc. owned 0.37% of Service Co. International worth $27,437,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of SCI. Glenmede Trust Co. NA grew its position in shares of Service Co. International by 45.8% during the third quarter. Glenmede Trust Co. NA now owns 179,118 shares of the company’s stock worth $7,916,000 after purchasing an additional 56,308 shares in the last quarter. Gateway Investment Advisers LLC bought a new position in Service Co. International during the fourth quarter valued at approximately $3,307,000. Handelsbanken Fonder AB boosted its stake in Service Co. International by 24.1% during the fourth quarter. Handelsbanken Fonder AB now owns 3,448,328 shares of the company’s stock valued at $138,830,000 after buying an additional 668,592 shares during the last quarter. Bank of America Corp DE boosted its stake in Service Co. International by 11.4% during the fourth quarter. Bank of America Corp DE now owns 1,538,860 shares of the company’s stock valued at $61,955,000 after buying an additional 157,715 shares during the last quarter. Finally, Mackay Shields LLC bought a new position in Service Co. International during the fourth quarter valued at approximately $1,194,000. Institutional investors and hedge funds own 87.78% of the company’s stock.
In related news, Director John W. Mecom, Jr. sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $41.91, for a total transaction of $670,560.00. Following the completion of the sale, the director now directly owns 114,835 shares of the company’s stock, valued at approximately $4,812,734.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael R. Webb sold 881,565 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $41.56, for a total value of $36,637,841.40. Following the sale, the insider now directly owns 476,253 shares of the company’s stock, valued at $19,793,074.68. The disclosure for this sale can be found here. Insiders sold a total of 1,322,555 shares of company stock valued at $55,091,685 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.
Shares of NYSE:SCI traded up $0.41 during trading on Monday, hitting $42.27. The company had a trading volume of 28,571 shares, compared to its average volume of 1,670,521. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.92 and a beta of 1.06. Service Co. International has a one year low of $35.19 and a one year high of $47.09. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.60 and a quick ratio of 0.55.
Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Monday, February 18th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $820.81 million during the quarter, compared to the consensus estimate of $843.45 million. Service Co. International had a net margin of 14.02% and a return on equity of 21.92%. Service Co. International’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. As a group, analysts expect that Service Co. International will post 1.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.70%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 14th. Service Co. International’s dividend payout ratio (DPR) is presently 40.22%.
A number of equities analysts recently commented on SCI shares. Raymond James lowered Service Co. International from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, February 20th. ValuEngine lowered Service Co. International from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Zacks Investment Research lowered Service Co. International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.75.
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Service Co. International Company Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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