107,266 Shares in Carriage Services, Inc. $CSV Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 107,266 shares of Carriage Services, Inc. for about $4.16 million, representing approximately 0.69% ownership as of the latest reporting period.
• Carriage Services recently reported an earnings per share (EPS) of $0.74, exceeding analysts' expectations of $0.72, alongside a revenue of $102.15 million for the quarter.
• The company declared a quarterly dividend of $0.1125 per share, amounting to an annualized dividend yield of 1.0%, with payment scheduled for September 2nd.

Nuveen LLC bought a new position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 107,266 shares of the company's stock, valued at approximately $4,157,000. Nuveen LLC owned approximately 0.69% of Carriage Services at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Carriage Services in the fourth quarter worth $3,566,000. LPL Financial LLC lifted its stake in shares of Carriage Services by 120.2% in the first quarter. LPL Financial LLC now owns 135,893 shares of the company's stock valued at $5,266,000 after buying an additional 74,193 shares during the period. De Lisle Partners LLP lifted its stake in shares of Carriage Services by 48.4% in the first quarter. De Lisle Partners LLP now owns 184,101 shares of the company's stock valued at $7,148,000 after buying an additional 60,030 shares during the period. LSV Asset Management raised its position in Carriage Services by 9.7% in the first quarter. LSV Asset Management now owns 648,417 shares of the company's stock worth $25,126,000 after purchasing an additional 57,500 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Carriage Services by 42.7% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 81,365 shares of the company's stock valued at $3,153,000 after acquiring an additional 24,345 shares during the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carriage Services

In other news, VP Shane Pudenz sold 13,027 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $44.36, for a total transaction of $577,877.72. Following the completion of the sale, the vice president owned 14,930 shares of the company's stock, valued at approximately $662,294.80. This represents a 46.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company's stock.

Carriage Services Stock Performance

CSV traded down $0.19 on Friday, reaching $43.70. The company had a trading volume of 185,234 shares, compared to its average volume of 120,397. Carriage Services, Inc. has a fifty-two week low of $30.15 and a fifty-two week high of $49.41. The stock has a market cap of $686.01 million, a P/E ratio of 13.12, a P/E/G ratio of 0.90 and a beta of 0.83. The company's fifty day moving average is $45.89 and its 200 day moving average is $42.43. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06.

Carriage Services (NYSE:CSV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The firm had revenue of $102.15 million during the quarter, compared to the consensus estimate of $101.36 million. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. As a group, analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 4th. Carriage Services's dividend payout ratio is 13.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barrington Research lifted their target price on shares of Carriage Services from $50.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. B. Riley reaffirmed a "buy" rating and issued a $65.00 price objective (up from $52.00) on shares of Carriage Services in a research report on Friday, August 8th. Zacks Research raised shares of Carriage Services to a "strong-buy" rating in a research report on Monday, August 11th. Wall Street Zen cut shares of Carriage Services from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Roth Mkm reiterated a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $58.67.

About Carriage Services

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.