Dudley & Shanley LLC maintained its stake in Service Corp. International (NYSE:SCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,575 shares of the company’s stock at the end of the second quarter. Service Corp. International comprises 0.1% of Dudley & Shanley LLC’s investment portfolio, making the stock its 27th largest position. Dudley & Shanley LLC’s holdings in Service Corp. International were worth $286,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Ngam Advisors L.P. acquired a new stake in Service Corp. International during the first quarter valued at approximately $1,940,000. Teachers Advisors Inc. raised its stake in Service Corp. International by 1.3% in the first quarter. Teachers Advisors Inc. now owns 190,927 shares of the company’s stock valued at $4,712,000 after buying an additional 2,519 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Service Corp. International by 6.9% in the first quarter. Aperio Group LLC now owns 34,258 shares of the company’s stock valued at $845,000 after buying an additional 2,202 shares in the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.
Shares of Service Corp. International (NYSE:SCI) traded down 0.49% on Monday, reaching $26.34. 375,232 shares of the company traded hands. Service Corp. International has a 52-week low of $20.21 and a 52-week high of $29.68. The firm has a 50-day moving average of $26.46 and a 200-day moving average of $26.66. The company has a market capitalization of $5.10 billion, a PE ratio of 28.72 and a beta of 0.81.
Service Corp. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $751.70 million for the quarter, compared to analyst estimates of $766.81 million. Service Corp. International had a net margin of 6.13% and a return on equity of 19.48%. Service Corp. International’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. On average, equities research analysts forecast that Service Corp. International will post $1.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, September 13th. Service Corp. International’s dividend payout ratio (DPR) is 57.14%.
SCI has been the topic of several recent research reports. Zacks Investment Research lowered shares of Service Corp. International from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Oppenheimer Holdings Inc. boosted their target price on shares of Service Corp. International from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Wells Fargo & Co. started coverage on shares of Service Corp. International in a research note on Tuesday, August 2nd. They issued a “market perform” rating for the company. Finally, Bank of America Corp. started coverage on shares of Service Corp. International in a research note on Friday, September 30th. They issued a “buy” rating and a $32.00 target price for the company.
In other news, Director Edward E. Williams sold 10,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $27.17, for a total transaction of $271,700.00. Following the transaction, the director now directly owns 164,917 shares of the company’s stock, valued at $4,480,794.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael R. Webb sold 93,300 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $26.03, for a total value of $2,428,599.00. Following the transaction, the insider now directly owns 514,203 shares in the company, valued at $13,384,704.09. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.
About Service Corp. International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments are funeral and cemetery operations. The Company conducts both funeral and cemetery operations in the United States and Canada. It operates over 1,535 funeral service locations and over 470 cemeteries, which are diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico.