Dimensional Fund Advisors LP Has $29.28 Million Position in Carriage Services, Inc. (NYSE:CSV)

Dimensional Fund Advisors LP boosted its holdings in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734,828 shares of the company's stock after purchasing an additional 9,080 shares during the period. Dimensional Fund Advisors LP owned about 4.83% of Carriage Services worth $29,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Values First Advisors Inc. lifted its position in shares of Carriage Services by 1.6% during the 4th quarter. Values First Advisors Inc. now owns 17,498 shares of the company's stock worth $697,000 after buying an additional 270 shares during the period. Versor Investments LP boosted its stake in shares of Carriage Services by 6.3% in the 4th quarter. Versor Investments LP now owns 8,387 shares of the company's stock valued at $334,000 after purchasing an additional 500 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Carriage Services by 7.9% in the 4th quarter. Jump Financial LLC now owns 8,200 shares of the company's stock worth $327,000 after purchasing an additional 600 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Carriage Services by 8.8% during the 4th quarter. Principal Financial Group Inc. now owns 7,700 shares of the company's stock worth $307,000 after purchasing an additional 624 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in Carriage Services by 1.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company's stock valued at $2,450,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 66.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CSV shares. Barrington Research reaffirmed an "outperform" rating and set a $50.00 price objective on shares of Carriage Services in a report on Thursday, May 1st. Roth Mkm reaffirmed a "buy" rating and set a $51.00 price target (up from $48.00) on shares of Carriage Services in a report on Friday, May 2nd. Finally, StockNews.com raised Carriage Services from a "hold" rating to a "buy" rating in a research note on Sunday.

Carriage Services Price Performance

Shares of Carriage Services stock traded up $0.49 during midday trading on Friday, reaching $41.46. The company had a trading volume of 152,783 shares, compared to its average volume of 115,214. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The stock has a fifty day simple moving average of $38.73 and a 200 day simple moving average of $39.33. Carriage Services, Inc. has a 1-year low of $25.84 and a 1-year high of $42.75. The company has a market capitalization of $648.85 million, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.16. The business had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. As a group, equities research analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 5th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, May 5th. Carriage Services's dividend payout ratio is 15.05%.

Insider Buying and Selling

In other news, President Steven D. Metzger sold 2,492 shares of the business's stock in a transaction dated Monday, April 28th. The stock was 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. The trade was a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 9,000 shares of company stock valued at $362,141 over the last ninety days. Insiders own 2.60% of the company's stock.

Carriage Services Profile

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.