Daiwa Securities Group Inc. raised its stake in shares of Service Co. International (NYSE:SCI) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,791 shares of the company’s stock after purchasing an additional 23,571 shares during the period. Daiwa Securities Group Inc.’s holdings in Service Co. International were worth $6,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its position in Service Co. International by 0.4% during the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock valued at $165,957,000 after purchasing an additional 20,669 shares during the period. Sarasin & Partners LLP raised its position in Service Co. International by 4.3% during the fourth quarter. Sarasin & Partners LLP now owns 3,753,482 shares of the company’s stock valued at $140,080,000 after purchasing an additional 156,370 shares during the period. Public Employees Retirement Association of Colorado raised its position in Service Co. International by 5.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 2,125,475 shares of the company’s stock valued at $79,323,000 after purchasing an additional 115,432 shares during the period. Acadian Asset Management LLC raised its position in Service Co. International by 59.6% during the fourth quarter. Acadian Asset Management LLC now owns 2,116,863 shares of the company’s stock valued at $79,000,000 after purchasing an additional 790,166 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Service Co. International by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 1,511,714 shares of the company’s stock valued at $52,154,000 after purchasing an additional 44,045 shares during the period. Institutional investors and hedge funds own 84.72% of the company’s stock.

A number of equities research analysts have issued reports on the company. Credit Suisse Group restated an “outperform” rating and set a $46.00 price objective (up from $40.00) on shares of Service Co. International in a research report on Monday, February 5th. Oppenheimer restated a “buy” rating and set a $42.00 price objective on shares of Service Co. International in a research report on Thursday, January 18th. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a research report on Saturday, October 28th. Finally, Off Wall Street assumed coverage on Service Co. International in a research report on Friday, December 15th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.00.

In other news, VP Elisabeth G. Nash sold 47,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the transaction, the vice president now owns 164,441 shares of the company’s stock, valued at $5,860,677.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R L. Waltrip sold 84,679 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $37.90, for a total value of $3,209,334.10. Following the transaction, the insider now directly owns 765,762 shares in the company, valued at approximately $29,022,379.80. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

Service Co. International (NYSE SCI) opened at $36.70 on Monday. The company has a market capitalization of $6,880.16, a P/E ratio of 23.99, a PEG ratio of 1.92 and a beta of 0.95. Service Co. International has a 52 week low of $29.20 and a 52 week high of $40.28. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.65 and a current ratio of 0.70.

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Service Co. International Company Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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

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