Virginia Retirement Systems ET AL Boosts Stock Position in Service Co. International (NYSE:SCI)

Virginia Retirement Systems ET AL raised its position in shares of Service Co. International (NYSE:SCI) by 99.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,500 shares of the company’s stock after purchasing an additional 16,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Service Co. International were worth $1,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SCI. Penserra Capital Management LLC purchased a new stake in Service Co. International during the 1st quarter valued at about $38,000. Vigilant Capital Management LLC purchased a new stake in Service Co. International during the 2nd quarter valued at about $44,000. Trustcore Financial Services LLC purchased a new stake in Service Co. International during the 1st quarter valued at about $49,000. Quadrant Capital Group LLC grew its stake in Service Co. International by 414.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock valued at $52,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Service Co. International during the 1st quarter valued at about $60,000. Institutional investors and hedge funds own 87.02% of the company’s stock.

Several research firms have weighed in on SCI. Raymond James boosted their price target on Service Co. International from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a report on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.33.

Shares of SCI stock traded up $0.18 on Friday, hitting $47.10. The company had a trading volume of 504,600 shares, compared to its average volume of 809,903. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 2.15 and a beta of 0.92. The company’s 50-day simple moving average is $46.70. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.99. Service Co. International has a twelve month low of $37.52 and a twelve month high of $48.54.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $812.57 million during the quarter, compared to analysts’ expectations of $811.01 million. Service Co. International had a return on equity of 20.55% and a net margin of 12.88%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. As a group, sell-side analysts predict that Service Co. International will post 1.95 earnings per share for the current fiscal year.

In other news, VP Gregory T. Sangalis sold 14,107 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $44.00, for a total value of $620,708.00. Following the completion of the transaction, the vice president now owns 169,383 shares of the company’s stock, valued at approximately $7,452,852. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas L. Ryan sold 100,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $43.83, for a total value of $4,383,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,122,809 shares of the company’s stock, valued at approximately $49,212,718.47. The disclosure for this sale can be found here. In the last three months, insiders sold 409,287 shares of company stock valued at $17,844,533. Insiders own 5.50% of the company’s stock.

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

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