Handelsbanken Fonder AB Decreases Stake in Service Co. International (NYSE:SCI)

Handelsbanken Fonder AB lessened its stake in Service Co. International (NYSE:SCI) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,695,748 shares of the company’s stock after selling 114,400 shares during the quarter. Handelsbanken Fonder AB owned 1.17% of Service Co. International worth $135,355,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on SCI shares. Truist Financial upped their target price 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. Oppenheimer raised their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Raymond James increased 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 note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Service Co. International presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Trading Up 1.6 %

NYSE SCI opened at $79.01 on Thursday. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a one year low of $67.19 and a one year high of $89.37. The company’s 50 day moving average price is $79.09 and its 200 day moving average price is $79.59.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, sell-side analysts predict that Service Co. International will post 3.85 EPS for the current year.

Service Co. International Company 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.