Cerity Partners LLC purchased a new stake in Carriage Services, Inc. (NYSE:CSV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,448 shares of the company's stock, valued at approximately $256,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Carriage Services by 61.2% in the 4th quarter. Wells Fargo & Company MN now owns 8,084 shares of the company's stock valued at $322,000 after acquiring an additional 3,069 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in Carriage Services during the fourth quarter worth about $355,000. Geode Capital Management LLC lifted its stake in Carriage Services by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 315,936 shares of the company's stock valued at $12,593,000 after purchasing an additional 1,072 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Carriage Services in the 4th quarter valued at about $342,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Carriage Services by 16.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company's stock worth $9,454,000 after buying an additional 34,342 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Barrington Research reissued an "outperform" rating and set a $50.00 price objective on shares of Carriage Services in a report on Friday, February 28th. StockNews.com upgraded shares of Carriage Services from a "hold" rating to a "buy" rating in a report on Friday, April 25th.
Get Our Latest Report on Carriage Services
Insider Buying and Selling at Carriage Services
In other news, President Steven D. Metzger sold 3,508 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $40.09, for a total transaction of $140,635.72. Following the completion of the sale, the president now owns 81,389 shares in the company, valued at approximately $3,262,885.01. This represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.
Carriage Services Stock Performance
NYSE:CSV traded down $0.49 on Wednesday, hitting $39.89. The stock had a trading volume of 99,148 shares, compared to its average volume of 115,711. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The stock has a market cap of $624.28 million, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77. The business's 50-day simple moving average is $38.69 and its two-hundred day simple moving average is $38.80. Carriage Services, Inc. has a 52-week low of $25.17 and a 52-week high of $42.75.
Carriage Services (NYSE:CSV - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.16. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. As a group, research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.
Carriage Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 5th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.13%. Carriage Services's dividend payout ratio is presently 21.43%.
About Carriage Services
(
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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