Squarepoint Ops LLC acquired a new stake in Carriage Services, Inc. (NYSE:CSV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,081 shares of the company's stock, valued at approximately $282,000.
Several other institutional investors also recently bought and sold shares of CSV. LSV Asset Management grew its holdings in Carriage Services by 12.4% in the fourth quarter. LSV Asset Management now owns 590,917 shares of the company's stock valued at $23,548,000 after purchasing an additional 65,358 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Carriage Services by 16.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company's stock valued at $9,454,000 after acquiring an additional 34,342 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Carriage Services in the fourth quarter valued at approximately $1,159,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Carriage Services by 92.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,642 shares of the company's stock valued at $2,018,000 after acquiring an additional 24,263 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Carriage Services by 20.3% during the fourth quarter. JPMorgan Chase & Co. now owns 142,989 shares of the company's stock worth $5,698,000 after buying an additional 24,098 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.
Carriage Services Stock Performance
Shares of CSV stock traded up $0.32 during midday trading on Tuesday, hitting $45.47. The company had a trading volume of 128,082 shares, compared to its average volume of 110,871. The company's 50 day simple moving average is $40.96 and its 200 day simple moving average is $40.23. Carriage Services, Inc. has a 52-week low of $25.84 and a 52-week high of $46.07. The stock has a market cap of $713.50 million, a price-to-earnings ratio of 20.39, a PEG ratio of 0.97 and a beta of 0.88. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59.
Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.16. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The company had revenue of $8.47 million for the quarter, compared to the consensus estimate of $104.17 million. Research analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Carriage Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 5th were paid a $0.1125 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.45 annualized dividend and a dividend yield of 0.99%. Carriage Services's dividend payout ratio (DPR) is currently 15.05%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on CSV shares. Wall Street Zen upgraded Carriage Services from a "hold" rating to a "buy" rating in a research report on Sunday, May 11th. Roth Mkm restated a "buy" rating and set a $51.00 price target (up previously from $48.00) on shares of Carriage Services in a report on Friday, May 2nd. Finally, Barrington Research reiterated an "outperform" rating and issued a $50.00 price objective on shares of Carriage Services in a report on Thursday, May 1st.
Get Our Latest Research Report on CSV
Insider Buying and Selling at Carriage Services
In other news, President Steven D. Metzger sold 2,492 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $40.01, for a total value of $99,704.92. Following the completion of the sale, the president now directly owns 78,897 shares of the company's stock, valued at $3,156,668.97. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 9,000 shares of company stock worth $362,141. 2.60% of the stock is currently owned by insiders.
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.
Featured Stories
Before you consider Carriage Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carriage Services wasn't on the list.
While Carriage Services currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
