Retirement Systems of Alabama Decreases Stake in Service Co. International (NYSE:SCI)

Retirement Systems of Alabama decreased its holdings in Service Co. International (NYSE:SCI) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 175,856 shares of the company’s stock after selling 1,027 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Service Co. International worth $14,037,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC raised its stake in shares of Service Co. International by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after acquiring an additional 300 shares during the period. Waldron Private Wealth LLC acquired a new stake in Service Co. International in the 3rd quarter valued at $57,000. Farther Finance Advisors LLC raised its position in Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Service Co. International during the third quarter worth about $80,000. Finally, Quest Partners LLC boosted its position in shares of Service Co. International by 110,300.0% in the third quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock worth $87,000 after buying an additional 1,103 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Co. International Stock Performance

Service Co. International stock opened at $76.30 on Friday. Service Co. International has a 52 week low of $65.09 and a 52 week high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The stock has a market cap of $11.04 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87. The stock has a 50 day moving average of $80.80 and a 200-day moving average of $79.49.

Insider Activity at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,655 shares of company stock valued at $9,356,203 over the last ninety days. Corporate insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SCI shares. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Oppenheimer boosted 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. Truist Financial raised their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Raymond James lifted 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 assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

About Service Co. International

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.