Aureus Asset Management LLC Buys New Holdings in Service Corporation International $SCI

Aureus Asset Management LLC bought a new stake in Service Corporation International (NYSE:SCI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,805 shares of the company’s stock, valued at approximately $2,948,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Service Corporation International by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock valued at $3,622,000 after buying an additional 270 shares in the last quarter. Focus Partners Wealth increased its position in Service Corporation International by 3.1% in the 1st quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after buying an additional 321 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Service Corporation International in the 3rd quarter valued at about $42,000. V Square Quantitative Management LLC bought a new stake in Service Corporation International in the 4th quarter valued at about $46,000. Finally, Los Angeles Capital Management LLC bought a new stake in Service Corporation International in the 4th quarter valued at about $54,000. 85.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SCI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. UBS Group cut their price target on Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Wall Street Zen downgraded Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings downgraded Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Finally, Oppenheimer lifted their price target on Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Service Corporation International has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Service Corporation International Price Performance

Shares of NYSE SCI opened at $72.66 on Thursday. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $88.67. The stock’s 50 day moving average price is $78.46 and its 200-day moving average price is $79.54. The company has a market capitalization of $10.03 billion, a PE ratio of 19.17, a PEG ratio of 1.67 and a beta of 0.84. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 3.22.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). Service Corporation International had a return on equity of 34.30% and a net margin of 12.36%.The business had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. Service Corporation International’s quarterly revenue was up 2.1% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. On average, equities analysts anticipate that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, June 15th. This is a boost from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s dividend payout ratio (DPR) is presently 37.99%.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.