Nuveen LLC Buys Shares of 107,266 Carriage Services, Inc. $CSV

Nuveen LLC bought a new stake in shares of Carriage Services, Inc. (NYSE:CSV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 107,266 shares of the company’s stock, valued at approximately $4,157,000. Nuveen LLC owned about 0.69% of Carriage Services at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in Carriage Services during the fourth quarter valued at approximately $45,000. New York State Teachers Retirement System acquired a new stake in Carriage Services during the first quarter valued at approximately $48,000. US Bancorp DE acquired a new stake in Carriage Services during the first quarter valued at approximately $93,000. GAMMA Investing LLC raised its holdings in shares of Carriage Services by 8,246.2% during the first quarter. GAMMA Investing LLC now owns 3,255 shares of the company’s stock valued at $126,000 after acquiring an additional 3,216 shares during the period. Finally, Hohimer Wealth Management LLC raised its holdings in shares of Carriage Services by 4.1% during the first quarter. Hohimer Wealth Management LLC now owns 6,456 shares of the company’s stock valued at $250,000 after acquiring an additional 255 shares during the period. 66.46% of the stock is owned by institutional investors and hedge funds.

Carriage Services Stock Up 0.7%

Carriage Services stock opened at $44.83 on Wednesday. The firm has a market cap of $703.83 million, a PE ratio of 13.46, a P/E/G ratio of 0.91 and a beta of 0.83. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06. The firm’s 50 day moving average price is $45.89 and its two-hundred day moving average price is $42.37. Carriage Services, Inc. has a twelve month low of $30.15 and a twelve month high of $49.41.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, August 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The company 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%. On average, research analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend 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 currently 13.51%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CSV. 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. Zacks Research upgraded shares of Carriage Services to a “strong-buy” rating in a report on Monday, August 11th. B. Riley restated a “buy” rating and set a $65.00 price target (up previously from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Barrington Research boosted their price target on shares of Carriage Services from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Carriage Services from a “buy” rating to a “hold” rating in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $58.67.

Carriage Services Company 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.