Carriage Services, Inc. (NYSE:CSV) Shares Bought by Barclays PLC

Barclays PLC increased its stake in Carriage Services, Inc. (NYSE:CSV) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,370 shares of the company’s stock after acquiring an additional 937 shares during the period. Barclays PLC owned approximately 0.14% of Carriage Services worth $852,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. LSV Asset Management increased its holdings in shares of 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 buying an additional 65,358 shares in the last quarter. Geode Capital Management LLC increased its stake in Carriage Services by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 315,936 shares of the company’s stock worth $12,593,000 after purchasing an additional 1,072 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Carriage Services by 16.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company’s stock worth $9,454,000 after buying an additional 34,342 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Carriage Services by 14.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company’s stock valued at $5,975,000 after buying an additional 18,661 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Carriage Services by 20.3% in 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 during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Stock Performance

Shares of NYSE CSV opened at $40.53 on Wednesday. The company has a market capitalization of $634.28 million, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. 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, Inc. has a one year low of $25.44 and a one year high of $42.75. The business’s 50-day moving average price is $38.64 and its two-hundred day moving average price is $39.09.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data 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 net margin of 8.57% and a return on equity of 23.52%. The firm had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. 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 will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be issued a dividend of $0.1125 per share. The ex-dividend date is Monday, May 5th. This represents a $0.45 annualized dividend and a yield of 1.11%. Carriage Services’s dividend payout ratio (DPR) is currently 15.05%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CSV. Roth Mkm restated 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. Barrington Research restated an “outperform” rating and set a $50.00 price objective on shares of Carriage Services in a research report on Thursday, May 1st. Finally, StockNews.com lowered shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Saturday.

Insider Transactions at Carriage Services

In related news, President Steven D. Metzger sold 2,492 shares of the firm’s stock in a transaction on Monday, April 28th. The shares were sold at an average price of $40.01, for a total value of $99,704.92. Following the transaction, the president now directly owns 78,897 shares in the company, valued at approximately $3,156,668.97. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.

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.