Carriage Services, Inc. (NYSE:CSV) Shares Purchased by State Street Corp

State Street Corp raised its position in Carriage Services, Inc. (NYSE:CSVFree Report) by 0.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 287,960 shares of the company’s stock after purchasing an additional 616 shares during the period. State Street Corp owned 1.89% of Carriage Services worth $9,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Carriage Services by 46.6% during the third quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after acquiring an additional 271 shares during the last quarter. nVerses Capital LLC lifted its stake in Carriage Services by 550.0% in the 2nd quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after purchasing an additional 1,100 shares in the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Carriage Services by 613.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock worth $50,000 after purchasing an additional 1,600 shares during the last quarter. Perritt Capital Management Inc grew its position in shares of Carriage Services by 5,001.0% in the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company’s stock valued at $137,000 after purchasing an additional 5,001 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Carriage Services by 1,074.3% in the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock valued at $154,000 after purchasing an additional 4,297 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Price Performance

Carriage Services stock opened at $40.45 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The stock has a market cap of $615.77 million, a P/E ratio of 18.14, a PEG ratio of 1.07 and a beta of 0.93. The company has a 50-day moving average price of $38.28 and a 200 day moving average price of $33.16. Carriage Services, Inc. has a 12-month low of $22.84 and a 12-month high of $42.13.

Carriage Services (NYSE:CSVGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. During the same quarter last year, the firm earned $0.33 EPS. Sell-side analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, November 4th. Carriage Services’s dividend payout ratio (DPR) is presently 20.18%.

Insider Transactions at Carriage Services

In related news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the completion of the transaction, the vice president now owns 34,166 shares of the company’s stock, valued at approximately $1,290,791.48. This trade represents a 12.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research boosted their price objective on Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

View Our Latest Research Report on Carriage Services

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.

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Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

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