Trexquant Investment LP Invests $1.62 Million in Service Co. International (NYSE:SCI)

Trexquant Investment LP bought a new stake in Service Co. International (NYSE:SCI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,305 shares of the company’s stock, valued at approximately $1,618,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Service Co. International by 19.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 241,785 shares of the company’s stock worth $9,708,000 after acquiring an additional 39,785 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Service Co. International by 16.5% during the first quarter. The Manufacturers Life Insurance Company now owns 394,589 shares of the company’s stock worth $15,843,000 after acquiring an additional 55,996 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Service Co. International by 2.9% during the first quarter. Northern Trust Corp now owns 1,483,658 shares of the company’s stock worth $59,568,000 after acquiring an additional 41,875 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Service Co. International by 17.2% during the first quarter. Commonwealth Equity Services LLC now owns 18,851 shares of the company’s stock worth $756,000 after buying an additional 2,769 shares during the last quarter. Finally, FIL Ltd increased its position in Service Co. International by 0.3% during the first quarter. FIL Ltd now owns 3,042,436 shares of the company’s stock worth $122,153,000 after buying an additional 8,197 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.

Several equities analysts have commented on the stock. Raymond James downgraded shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 20th. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Zacks Investment Research downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $46.75.

In other news, VP Gregory T. Sangalis sold 71,400 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $40.80, for a total value of $2,913,120.00. Following the sale, the vice president now directly owns 169,383 shares of the company’s stock, valued at $6,910,826.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregory T. Sangalis sold 14,107 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $44.00, for a total value of $620,708.00. Following the completion of the sale, the vice president now directly owns 169,383 shares in the company, valued at $7,452,852. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 361,157 shares of company stock worth $15,630,911. 5.50% of the stock is currently owned by company insiders.

Service Co. International stock traded up $0.09 during mid-day trading on Friday, hitting $46.02. 21,643 shares of the company’s stock were exchanged, compared to its average volume of 840,890. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.08 and a beta of 0.92. Service Co. International has a 1-year low of $35.19 and a 1-year high of $47.09.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The company had revenue of $798.20 million for the quarter, compared to the consensus estimate of $791.85 million. Service Co. International had a return on equity of 21.13% and a net margin of 13.92%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. As a group, sell-side analysts anticipate that Service Co. International will post 1.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, June 13th. Service Co. International’s dividend payout ratio is currently 40.22%.

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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.

Further Reading: What is the balance sheet?

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

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