Carriage Services, Inc. (NYSE:CSV) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its position in Carriage Services, Inc. (NYSE:CSV - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,688 shares of the company's stock after buying an additional 12,103 shares during the period. Price T Rowe Associates Inc. MD owned about 0.51% of Carriage Services worth $3,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CSV. LSV Asset Management boosted its holdings in shares of Carriage Services by 12.4% during the 4th quarter. LSV Asset Management now owns 590,917 shares of the company's stock worth $23,548,000 after purchasing an additional 65,358 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Carriage Services by 94.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock worth $3,903,000 after purchasing an additional 57,821 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Carriage Services during the 4th quarter worth approximately $2,272,000. Arrowstreet Capital Limited Partnership lifted its holdings in 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 during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Carriage Services in the fourth quarter valued at approximately $1,159,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Carriage Services Trading Up 1.2%

NYSE CSV traded up $0.49 on Friday, reaching $41.46. The stock had a trading volume of 152,783 shares, compared to its average volume of 115,214. The firm has a market capitalization of $648.85 million, a price-to-earnings ratio of 18.59, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. Carriage Services, Inc. has a 12-month low of $25.84 and a 12-month high of $42.75. The stock has a fifty day moving average price of $38.73 and a two-hundred day moving average price of $39.33.

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. The company had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. As a group, sell-side analysts forecast that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 5th will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, May 5th. Carriage Services's dividend payout ratio is currently 15.05%.

Wall Street Analysts Forecast Growth

CSV has been the topic of a number of recent analyst reports. StockNews.com upgraded Carriage Services from a "hold" rating to a "buy" rating in a report on Sunday. Roth Mkm reiterated a "buy" rating and issued a $51.00 price objective (up 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.

Insider Transactions at Carriage Services

In related news, President Steven D. Metzger sold 3,508 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $40.09, for a total transaction of $140,635.72. Following the completion of the transaction, the president now owns 81,389 shares in the company, valued at approximately $3,262,885.01. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 9,000 shares of company stock valued at $362,141. 2.60% of the stock is currently owned by company insiders.

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.