Dudley & Shanley Inc. Has $29.78 Million Holdings in Service Co. International (NYSE:SCI)

Dudley & Shanley Inc. decreased its holdings in shares of Service Co. International (NYSE:SCI) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 373,053 shares of the company’s stock after selling 8,267 shares during the quarter. Service Co. International comprises about 4.6% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 6th biggest holding. Dudley & Shanley Inc.’s holdings in Service Co. International were worth $29,777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Select Equity Group L.P. grew its position in shares of Service Co. International by 53.5% during the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after buying an additional 2,524,795 shares during the last quarter. FMR LLC boosted its stake in Service Co. International by 300.6% in the third 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 during the period. Geode Capital Management LLC grew its holdings in shares of Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after purchasing an additional 156,086 shares during the last quarter. Swedbank AB raised its position in shares of Service Co. International by 1.9% during the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock worth $228,899,000 after purchasing an additional 55,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Service Co. International by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after purchasing an additional 135,017 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SCI. Raymond James upped their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial lifted their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Oppenheimer increased their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Insider Activity

In related news, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the transaction, the director now directly owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,655 shares of company stock worth $9,356,203. Insiders own 4.60% of the company’s stock.

Service Co. International Price Performance

NYSE:SCI traded up $0.49 during midday trading on Friday, hitting $77.93. 286,183 shares of the stock were exchanged, compared to its average volume of 951,980. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.51 and a beta of 0.85. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a one year low of $64.10 and a one year high of $89.37. The business has a 50-day moving average price of $83.97 and a two-hundred day moving average price of $78.46.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Sell-side analysts predict that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.31 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.59%. Service Co. International’s payout ratio is 34.88%.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.