SCHEDULE 13G/A: Select Equity Group Discloses 4.9% Stake in Service Corp International
Beneficial Ownership Report
Select Equity Group, L.P. and George S. Loening have filed an amended Schedule 13G, disclosing a beneficial ownership of 4.9% in Service Corp International's common stock as of March 31, 2025.
Summary
- Select Equity Group, L.P. and George S. Loening jointly reported beneficial ownership of 7,019,395 shares of Service Corp International common stock.
- This stake represents 4.9% of the total 142,358,493 shares of common stock outstanding as of May 1, 2025.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a change or update to a previously reported passive investment.
- Both Select Equity Group, L.P. and George S. Loening hold shared voting and shared dispositive power over all 7,019,395 shares.
- The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership. It contains no positive or negative operational news for the issuer, thus maintaining a neutral sentiment.
Positives
- The disclosure of a significant institutional investor, Select Equity Group, L.P., holding a substantial stake in Service Corp International may be viewed as a vote of confidence in the company.
Future Outlook
The document does not contain any forward-looking statements or guidance from Service Corp International.
Industry Context
This filing is a routine disclosure of an institutional investor's passive stake and does not provide specific insights into broader industry trends or competitive landscape for Service Corp International.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional holdings, confirming a passive investment by Select Equity Group, L.P.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 05/01/2025 | Date as of which Service Corp International's common stock outstanding (142,358,493 shares) was reported in its Quarterly Report on Form 10-Q. |
| 05/15/2025 | Date of signing and filing of the Schedule 13G Amendment No. 1. |
Keywords
Service Corp International, SCI, Select Equity Group, George S. Loening, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing
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