Janus Henderson Group PLC Raises Position in Service Co. International (SCI)

Janus Henderson Group PLC boosted its holdings in Service Co. International (NYSE:SCI) by 6.9% during the first quarter, Holdings Channel reports. The fund owned 322,791 shares of the company’s stock after acquiring an additional 20,711 shares during the period. Janus Henderson Group PLC’s holdings in Service Co. International were worth $12,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SCI. Lavaca Capital LLC acquired a new stake in shares of Service Co. International during the 4th quarter worth about $28,000. Global Retirement Partners LLC boosted its stake in shares of Service Co. International by 80.5% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock worth $32,000 after purchasing an additional 352 shares during the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of Service Co. International during the 4th quarter worth about $35,000. Lloyds Banking Group plc acquired a new stake in shares of Service Co. International during the 4th quarter worth about $47,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Service Co. International by 414.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock worth $52,000 after purchasing an additional 1,116 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

SCI opened at $42.21 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.44 and a current ratio of 0.48. Service Co. International has a 1 year low of $35.19 and a 1 year high of $47.09. The company has a market capitalization of $7.68 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.93 and a beta of 1.05.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.06. Service Co. International had a net margin of 13.92% and a return on equity of 21.13%. The business had revenue of $798.20 million for the quarter, compared to analysts’ expectations of $791.85 million. During the same period last year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that Service Co. International will post 1.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.71%. Service Co. International’s dividend payout ratio is currently 40.22%.

Several research firms have issued reports on SCI. Zacks Investment Research cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Raymond James cut shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, February 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.75.

In related news, insider Michael R. Webb sold 881,565 shares of Service Co. International stock in a transaction on Friday, March 1st. The shares were sold at an average price of $41.56, for a total value of $36,637,841.40. Following the completion of the sale, the insider now owns 476,253 shares in the company, valued at $19,793,074.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tony Coelho sold 6,325 shares of Service Co. International stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $39.65, for a total transaction of $250,786.25. Following the completion of the sale, the director now owns 61,750 shares of the company’s stock, valued at approximately $2,448,387.50. The disclosure for this sale can be found here. Insiders have sold 1,322,555 shares of company stock worth $55,091,685 in the last quarter. Insiders own 5.50% of the company’s stock.

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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.

Further Reading: Terms to Better Understand Call Options

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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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