BNP Paribas Financial Markets lowered its position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 64,442 shares of the company's stock after selling 10,757 shares during the quarter. BNP Paribas Financial Markets owned about 0.42% of Carriage Services worth $2,568,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CSV. Allspring Global Investments Holdings LLC boosted its holdings in shares of Carriage Services by 14.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company's stock valued at $5,975,000 after acquiring an additional 18,661 shares during the last quarter. Rhumbline Advisers boosted its holdings in Carriage Services by 60.8% in the fourth quarter. Rhumbline Advisers now owns 32,226 shares of the company's stock valued at $1,284,000 after purchasing an additional 12,180 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Carriage Services by 16.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company's stock valued at $9,454,000 after purchasing an additional 34,342 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Carriage Services during the 4th quarter worth about $342,000. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of Carriage Services during the 4th quarter valued at about $355,000. Hedge funds and other institutional investors own 66.46% of the company's stock.
Analyst Ratings Changes
CSV has been the topic of a number of recent research reports. Barrington Research restated an "outperform" rating and issued a $50.00 target price on shares of Carriage Services in a research note on Thursday, May 1st. StockNews.com raised Carriage Services from a "hold" rating to a "buy" rating in a report on Sunday, May 11th. Finally, Roth Mkm restated a "buy" rating and issued a $51.00 price objective (up previously from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd.
Read Our Latest Research Report on Carriage Services
Carriage Services Stock Performance
CSV stock traded down $0.77 during midday trading on Thursday, hitting $42.23. 4,485 shares of the stock traded hands, compared to its average volume of 114,987. Carriage Services, Inc. has a 1-year low of $25.84 and a 1-year high of $44.35. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The stock's fifty day simple moving average is $39.49 and its 200-day simple moving average is $39.74. The firm has a market cap of $662.64 million, a P/E ratio of 18.92, a PEG ratio of 0.97 and a beta of 0.93.
Carriage Services (NYSE:CSV - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.16. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The business had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. On average, analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.
Carriage Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, May 5th. Carriage Services's payout ratio is currently 15.05%.
Insider Buying and Selling at Carriage Services
In other Carriage Services news, President Steven D. Metzger sold 2,492 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $40.01, for a total transaction of $99,704.92. Following the completion of the transaction, the president now directly owns 78,897 shares in the company, valued at approximately $3,156,668.97. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 9,000 shares of company stock valued at $362,141. Company insiders own 2.60% of the company's stock.
Carriage Services Profile
(
Free Report)
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.
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