Trexquant Investment LP Invests $2.02 Million in Service Co. International (NYSE:SCI)

Trexquant Investment LP acquired a new position in shares of Service Co. International (NYSE:SCI) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 51,664 shares of the company’s stock, valued at approximately $2,021,000.

A number of other institutional investors have also made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in Service Co. International by 6.6% during the 4th quarter. Alliancebernstein L.P. now owns 7,682,982 shares of the company’s stock worth $353,648,000 after purchasing an additional 472,545 shares during the period. FIL Ltd boosted its position in Service Co. International by 17.1% during the 4th quarter. FIL Ltd now owns 3,946,167 shares of the company’s stock worth $181,642,000 after purchasing an additional 576,834 shares during the period. Handelsbanken Fonder AB boosted its position in Service Co. International by 13.9% during the 4th quarter. Handelsbanken Fonder AB now owns 3,138,665 shares of the company’s stock worth $144,473,000 after purchasing an additional 383,440 shares during the period. FMR LLC boosted its position in Service Co. International by 7.4% during the 4th quarter. FMR LLC now owns 2,941,188 shares of the company’s stock worth $135,384,000 after purchasing an additional 203,900 shares during the period. Finally, Sarasin & Partners LLP boosted its position in Service Co. International by 3.1% during the 1st quarter. Sarasin & Partners LLP now owns 2,786,409 shares of the company’s stock worth $108,976,000 after purchasing an additional 84,570 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Sumner J. Waring III sold 86,522 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $51.12, for a total transaction of $4,423,004.64. Following the sale, the chief operating officer now owns 418,951 shares in the company, valued at $21,416,775.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tony Coelho sold 2,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $51.05, for a total transaction of $102,100.00. Following the sale, the director now owns 61,795 shares in the company, valued at approximately $3,154,634.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 186,972 shares of company stock worth $9,650,605. 4.70% of the stock is owned by company insiders.

A number of analysts recently weighed in on SCI shares. Oppenheimer decreased their price target on shares of Service Co. International from $53.00 to $47.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Credit Suisse Group decreased their price objective on shares of Service Co. International from $46.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Zacks Investment Research raised shares of Service Co. International from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a research report on Thursday, March 5th. Citigroup upped their price objective on shares of Service Co. International from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, CSFB decreased their price objective on shares of Service Co. International from $46.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Service Co. International has a consensus rating of “Buy” and an average target price of $48.07.

Shares of SCI stock opened at $38.32 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.61. Service Co. International has a one year low of $33.93 and a one year high of $52.89. The company’s 50-day simple moving average is $37.55 and its 200-day simple moving average is $43.80. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.25 and a beta of 0.70.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $803.00 million for the quarter, compared to the consensus estimate of $792.55 million. Service Co. International had a return on equity of 19.44% and a net margin of 11.50%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. As a group, research analysts forecast that Service Co. International will post 1.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, June 12th. This represents a $0.76 annualized dividend and a yield of 1.98%. Service Co. International’s dividend payout ratio (DPR) is 40.00%.

About Service Co. International

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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