Compagnie Lombard Odier SCmA Trims Holdings in Service Co. International (NYSE:SCI)

Compagnie Lombard Odier SCmA lessened its stake in Service Co. International (NYSE:SCI) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,555 shares of the company’s stock after selling 1,380 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Service Co. International were worth $842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its position in Service Co. International by 300.6% in the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after acquiring an additional 3,043,354 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Service Co. International by 2,527.9% in the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after purchasing an additional 282,167 shares in the last quarter. Premier Fund Managers Ltd increased its stake in Service Co. International by 23.9% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after buying an additional 210,802 shares during the period. Geode Capital Management LLC lifted its holdings in Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after buying an additional 156,086 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Service Co. International by 4,977.3% in the 3rd quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock valued at $12,279,000 after buying an additional 152,503 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Activity

In other news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the transaction, the vice president now directly owns 109,260 shares of the company’s stock, valued at $9,410,563.80. The trade was a 33.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,655 shares of company stock worth $9,356,203. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Stock Down 5.3 %

Shares of NYSE SCI opened at $77.13 on Friday. The business has a 50-day moving average of $79.57 and a two-hundred day moving average of $79.55. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. Service Co. International has a 1 year low of $67.19 and a 1 year high of $89.37. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. On average, analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SCI. Oppenheimer upped their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Raymond James upped their price target on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial lifted their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.