Carriage Services, Inc. $CSV Shares Sold by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital cut its Carriage Services stake by 18.1% in the first quarter, selling 25,021 shares and retaining 113,524 shares worth approximately $5.2 million. Institutional investors and hedge funds collectively own 66.46% of the company.
• Analyst sentiment remains positive, with three Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $61.67 target price; Barrington Research maintained its Outperform rating with a $60 target.
• Carriage Services beat quarterly EPS expectations slightly, reporting $0.86 versus $0.85, while revenue of $106.12 million trailed estimates. The company also declared a quarterly dividend of $0.1125 per share, equivalent to a 1.1% annualized yield.

Arrowstreet Capital Limited Partnership reduced its stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 18.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,524 shares of the company's stock after selling 25,021 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.72% of Carriage Services worth $5,184,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Carriage Services by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company's stock valued at $45,483,000 after purchasing an additional 38,738 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Carriage Services by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company's stock valued at $27,867,000 after buying an additional 3,520 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Carriage Services by 0.7% during the third quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company's stock worth $21,414,000 after buying an additional 3,550 shares during the period. Geode Capital Management LLC boosted its position in shares of Carriage Services by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 386,018 shares of the company's stock worth $16,333,000 after buying an additional 5,870 shares during the period. Finally, State Street Corp grew its holdings in Carriage Services by 1.3% in the 4th quarter. State Street Corp now owns 311,272 shares of the company's stock worth $13,167,000 after buying an additional 3,950 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CSV. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of Carriage Services in a research report on Monday, April 27th. Weiss Ratings lowered Carriage Services from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Carriage Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.67.

Carriage Services Stock Performance

CSV opened at $40.38 on Monday. The business has a 50 day moving average price of $39.08 and a two-hundred day moving average price of $42.82. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 0.99. The company has a market capitalization of $640.88 million, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 0.78 and a beta of 0.84. Carriage Services, Inc. has a 1-year low of $36.39 and a 1-year high of $52.10.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Carriage Services had a return on equity of 19.78% and a net margin of 10.58%.The company had revenue of $106.12 million for the quarter, compared to analysts' expectations of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Research analysts predict that Carriage Services, Inc. will post 3.46 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 annualized dividend and a yield of 1.1%. Carriage Services's dividend payout ratio is currently 16.30%.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.

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