Deroy & Devereaux Private Investment Counsel Inc. Has $3.15 Million Stake in Carriage Services, Inc. (NYSE:CSV)

Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Carriage Services, Inc. (NYSE:CSV - Free Report) by 42.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,365 shares of the company's stock after acquiring an additional 24,345 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.52% of Carriage Services worth $3,153,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CSV. MetLife Investment Management LLC lifted its position in Carriage Services by 3.1% during the fourth quarter. MetLife Investment Management LLC now owns 8,223 shares of the company's stock worth $328,000 after purchasing an additional 246 shares during the period. Jump Financial LLC lifted its holdings in shares of Carriage Services by 7.9% in the fourth quarter. Jump Financial LLC now owns 8,200 shares of the company's stock worth $327,000 after acquiring an additional 600 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Carriage Services by 8.8% in the fourth quarter. Principal Financial Group Inc. now owns 7,700 shares of the company's stock worth $307,000 after acquiring an additional 624 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Carriage Services by 1.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company's stock worth $2,450,000 after acquiring an additional 800 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Carriage Services by 4.6% in the fourth quarter. Barclays PLC now owns 21,370 shares of the company's stock worth $852,000 after acquiring an additional 937 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CSV. Wall Street Zen cut shares of Carriage Services from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Barrington Research reissued an "outperform" rating and issued a $50.00 target price on shares of Carriage Services in a report on Thursday, May 1st. Finally, Roth Mkm reissued a "buy" rating and issued a $51.00 target price (up previously from $48.00) on shares of Carriage Services in a report on Friday, May 2nd.

Carriage Services Trading Down 1.4%

Shares of Carriage Services stock traded down $0.65 on Monday, hitting $46.26. The stock had a trading volume of 70,043 shares, compared to its average volume of 108,599. The stock has a 50 day moving average of $43.54 and a 200 day moving average of $40.87. Carriage Services, Inc. has a twelve month low of $25.84 and a twelve month high of $47.50. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.80 and a current ratio of 0.95. The firm has a market capitalization of $725.82 million, a P/E ratio of 15.47, a PEG ratio of 0.99 and a beta of 0.89.

Carriage Services (NYSE:CSV - Get Free Report) last released its quarterly earnings data 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. Carriage Services had a return on equity of 21.96% and a net margin of 11.50%. The company had revenue of $8.47 million during the quarter, compared to the consensus estimate of $104.17 million. Sell-side analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 0.97%. The ex-dividend date of this dividend was Monday, May 5th. Carriage Services's dividend payout ratio is presently 15.05%.

Insiders Place Their Bets

In other Carriage Services news, President Steven D. Metzger sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $40.60, for a total transaction of $121,800.00. Following the completion of the sale, the president owned 75,897 shares of the company's stock, valued at approximately $3,081,418.20. This represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have 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.