Aquatic Capital Management LLC Buys 12,992 Shares of Service Co. International (NYSE:SCI)

Aquatic Capital Management LLC raised its holdings in shares of Service Co. International (NYSE:SCI) by 65.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,992 shares of the company’s stock after purchasing an additional 12,992 shares during the quarter. Aquatic Capital Management LLC’s holdings in Service Co. International were worth $2,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Service Co. International by 263.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock worth $1,206,000 after acquiring an additional 11,530 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Service Co. International in the 4th quarter valued at approximately $340,000. Allspring Global Investments Holdings LLC grew its stake in Service Co. International by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company’s stock valued at $14,348,000 after buying an additional 3,375 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Service Co. International by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company’s stock valued at $73,452,000 after buying an additional 5,074 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Service Co. International during the 4th quarter valued at $3,229,000. Institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Performance

Service Co. International stock opened at $79.77 on Tuesday. The firm has a fifty day simple moving average of $78.80 and a two-hundred day simple moving average of $80.15. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The company has a market capitalization of $11.49 billion, a PE ratio of 22.47, a P/E/G ratio of 1.90 and a beta of 0.81. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Research analysts expect that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s dividend payout ratio (DPR) is presently 36.06%.

Insider Activity

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the sale, the director now owns 46,824 shares of the company’s stock, valued at approximately $3,712,674.96. This trade represents a 12.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares of the company’s stock, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.