Service Co. International (NYSE:SCI) Holdings Trimmed by RWC Asset Management LLP

RWC Asset Management LLP decreased its holdings in shares of Service Co. International (NYSE:SCI) by 44.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the company’s stock after selling 238,677 shares during the quarter. RWC Asset Management LLP owned about 0.17% of Service Co. International worth $12,078,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Service Co. International by 0.7% during the third quarter. Vanguard Group Inc. now owns 15,776,201 shares of the company’s stock valued at $697,308,000 after purchasing an additional 113,245 shares during the period. Vanguard Group Inc lifted its stake in Service Co. International by 0.7% in the third quarter. Vanguard Group Inc now owns 15,776,201 shares of the company’s stock valued at $697,308,000 after buying an additional 113,245 shares in the last quarter. Select Equity Group L.P. lifted its stake in Service Co. International by 1.2% in the third quarter. Select Equity Group L.P. now owns 10,328,848 shares of the company’s stock valued at $456,535,000 after buying an additional 117,610 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Service Co. International in the third quarter worth $358,950,000. Finally, First Manhattan Co. lifted its position in shares of Service Co. International by 13.0% in the third quarter. First Manhattan Co. now owns 4,098,667 shares of the company’s stock worth $181,161,000 after purchasing an additional 469,944 shares in the last quarter. Institutional investors own 88.75% of the company’s stock.

NYSE SCI opened at $45.04 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.49 and a current ratio of 0.54. Service Co. International has a 1 year low of $35.19 and a 1 year high of $47.09. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.81 and a beta of 1.10.

In other Service Co. International news, VP Gregory T. Sangalis sold 23,617 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $44.91, for a total value of $1,060,639.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Steven A. Tidwell sold 9,300 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $45.90, for a total transaction of $426,870.00. Following the completion of the transaction, the vice president now owns 55,897 shares in the company, valued at $2,565,672.30. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

A number of analysts have recently commented on SCI shares. Zacks Investment Research reissued a “sell” rating on shares of Service Co. International in a research report on Monday, December 31st. Raymond James boosted their price objective on shares of Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 31st. Finally, Oppenheimer boosted their price objective on shares of Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the stock. Service Co. International presently has a consensus rating of “Buy” and a consensus price target of $46.17.

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Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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

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