Strs Ohio Has $1.91 Million Holdings in Service Corporation International $SCI

Strs Ohio lifted its position in shares of Service Corporation International (NYSE:SCI) by 21.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 23,479 shares of the company’s stock after purchasing an additional 4,216 shares during the quarter. Strs Ohio’s holdings in Service Corporation International were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Service Corporation International during the first quarter worth $26,674,000. Jennison Associates LLC boosted its stake in Service Corporation International by 3,061.2% during the first quarter. Jennison Associates LLC now owns 297,404 shares of the company’s stock worth $23,852,000 after buying an additional 287,996 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Service Corporation International by 1,040.1% during the 1st quarter. AQR Capital Management LLC now owns 267,352 shares of the company’s stock valued at $21,180,000 after acquiring an additional 243,902 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Service Corporation International by 116.9% during the 1st quarter. Norinchukin Bank The now owns 345,999 shares of the company’s stock valued at $27,749,000 after acquiring an additional 186,494 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Service Corporation International during the 1st quarter valued at about $12,146,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Stock Up 0.1%

Shares of NYSE SCI opened at $81.54 on Wednesday. The firm’s 50-day simple moving average is $81.05 and its 200 day simple moving average is $79.61. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.94 and a beta of 0.89. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a net margin of 12.46% and a return on equity of 33.28%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $0.79 earnings per share. Service Corporation International’s quarterly revenue was up 4.4% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. On average, research analysts expect that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Insider Transactions at Service Corporation International

In other news, Director Ellen Ochoa sold 2,514 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $79.41, for a total transaction of $199,636.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tony Coelho sold 7,850 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, the director directly owned 36,088 shares in the company, valued at $2,908,692.80. This trade represents a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 226,282 shares of company stock worth $18,340,798 in the last quarter. 4.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a report on Wednesday, October 8th. UBS Group boosted their price target on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Oppenheimer boosted their price target on Service Corporation International from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Finally, Raymond James Financial restated an “outperform” rating and issued a $90.00 target price (up previously from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Service Corporation International presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Service Corporation 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.