Allspring Global Investments Holdings LLC Decreases Position in Carriage Services, Inc. $CSV

Allspring Global Investments Holdings LLC cut its position in Carriage Services, Inc. (NYSE:CSV) by 26.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,759 shares of the company’s stock after selling 37,170 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.67% of Carriage Services worth $4,474,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Carriage Services by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock valued at $45,483,000 after purchasing an additional 38,738 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Carriage Services by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company’s stock worth $21,414,000 after buying an additional 3,550 shares during the period. Boston Partners boosted its holdings in Carriage Services by 9.6% in the 3rd quarter. Boston Partners now owns 222,130 shares of the company’s stock worth $9,894,000 after buying an additional 19,549 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in Carriage Services by 59.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock worth $9,417,000 after buying an additional 78,730 shares during the period. Finally, Manatuck Hill Partners LLC boosted its holdings in Carriage Services by 4.8% in the 3rd quarter. Manatuck Hill Partners LLC now owns 152,000 shares of the company’s stock worth $6,770,000 after buying an additional 7,000 shares during the period. 66.46% of the stock is currently owned by institutional investors.

Carriage Services Stock Performance

NYSE CSV opened at $46.39 on Wednesday. Carriage Services, Inc. has a 1 year low of $35.60 and a 1 year high of $49.41. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.98 and a quick ratio of 0.84. The stock has a market capitalization of $730.72 million, a PE ratio of 14.23, a P/E/G ratio of 0.90 and a beta of 0.92. The company’s 50 day simple moving average is $43.93 and its two-hundred day simple moving average is $43.61.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, February 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). Carriage Services had a return on equity of 21.22% and a net margin of 12.34%.The firm had revenue of $105.48 million during the quarter, compared to analysts’ expectations of $103.50 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 2nd were paid a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $0.45 annualized dividend and a yield of 1.0%. Carriage Services’s dividend payout ratio (DPR) is currently 13.80%.

Wall Street Analyst Weigh In

CSV has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a research report on Tuesday, February 17th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.00.

Carriage Services Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.