Allspring Global Investments Holdings LLC Has $6.51 Million Stake in Carriage Services, Inc. (NYSE:CSV)

Allspring Global Investments Holdings LLC boosted its position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,079 shares of the company's stock after acquiring an additional 18,130 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.07% of Carriage Services worth $6,513,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CSV. Johnson Financial Group Inc. bought a new stake in shares of Carriage Services in the 4th quarter valued at about $45,000. GAMMA Investing LLC increased its position in Carriage Services by 8,246.2% during the first quarter. GAMMA Investing LLC now owns 3,255 shares of the company's stock worth $126,000 after buying an additional 3,216 shares during the last quarter. Quantbot Technologies LP raised its stake in Carriage Services by 217.3% in the fourth quarter. Quantbot Technologies LP now owns 4,982 shares of the company's stock valued at $199,000 after buying an additional 3,412 shares during the period. Polymer Capital Management US LLC acquired a new stake in shares of Carriage Services in the fourth quarter valued at approximately $202,000. Finally, Intech Investment Management LLC bought a new position in shares of Carriage Services during the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 66.46% of the company's stock.

Carriage Services Price Performance

Shares of NYSE CSV opened at $46.91 on Friday. The firm has a market cap of $736.02 million, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89. The business's 50 day moving average is $43.41 and its 200-day moving average is $40.82. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 2.35. Carriage Services, Inc. has a 1-year low of $25.84 and a 1-year high of $47.09.

Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. The company had revenue of $8.47 million during the quarter, compared to analysts' expectations of $104.17 million. Equities research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 5th were given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Monday, May 5th. Carriage Services's dividend payout ratio is currently 15.05%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Carriage Services from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Roth Mkm reissued a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd. Finally, Barrington Research restated an "outperform" rating and set a $50.00 target price on shares of Carriage Services in a research note on Thursday, May 1st.

Insider Buying and Selling at Carriage Services

In other Carriage Services news, President Steven D. Metzger sold 3,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $40.60, for a total value of $121,800.00. Following the transaction, the president directly owned 75,897 shares of the company's stock, valued at $3,081,418.20. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 9,000 shares of company stock worth $362,141. Corporate 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.

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