Barclays PLC Grows Holdings in Carriage Services, Inc. (NYSE:CSV)

Barclays PLC boosted its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 228.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,433 shares of the company’s stock after purchasing an additional 14,215 shares during the period. Barclays PLC owned approximately 0.13% of Carriage Services worth $671,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSV. Renaissance Technologies LLC boosted its holdings in shares of Carriage Services by 8.2% in the second quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock valued at $16,547,000 after acquiring an additional 46,700 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Carriage Services by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 314,864 shares of the company’s stock worth $10,339,000 after buying an additional 13,126 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Carriage Services in the 3rd quarter valued at approximately $4,310,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Carriage Services by 6.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company’s stock worth $2,700,000 after purchasing an additional 4,850 shares in the last quarter. Finally, Praetorian PR LLC grew its position in Carriage Services by 15.2% during the third quarter. Praetorian PR LLC now owns 80,000 shares of the company’s stock worth $2,626,000 after buying an additional 10,578 shares during the period. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Performance

Carriage Services stock opened at $39.83 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $606.35 million, a price-to-earnings ratio of 17.86, a PEG ratio of 0.91 and a beta of 0.93. Carriage Services, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $42.13. The stock has a fifty day moving average of $39.71 and a two-hundred day moving average of $34.35.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.19. The company had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period in the prior year, the firm earned $0.33 EPS. On average, analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.13%. Carriage Services’s payout ratio is currently 20.18%.

Analyst Upgrades and Downgrades

Separately, Barrington Research upped their price target on Carriage Services from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 6th.

Insider Buying and Selling at Carriage Services

In related news, VP Paul Donald Elliott sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.10% of the stock is currently owned by 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.