Allspring Global Investments Holdings LLC Boosts Stake in Carriage Services, Inc. (NYSE:CSV)

Allspring Global Investments Holdings LLC increased its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 14.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 149,949 shares of the company’s stock after purchasing an additional 18,661 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.99% of Carriage Services worth $5,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSV. FMR LLC lifted its holdings in Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after buying an additional 271 shares in the last quarter. XTX Topco Ltd lifted its holdings in Carriage Services by 17.3% during the 3rd quarter. XTX Topco Ltd now owns 9,064 shares of the company’s stock worth $298,000 after buying an additional 1,337 shares in the last quarter. EMC Capital Management raised its holdings in shares of Carriage Services by 29.5% in the 4th quarter. EMC Capital Management now owns 6,227 shares of the company’s stock valued at $248,000 after purchasing an additional 1,419 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Carriage Services in the 4th quarter valued at $65,000. Finally, SG Americas Securities LLC raised its holdings in shares of Carriage Services by 27.5% in the 4th quarter. SG Americas Securities LLC now owns 8,042 shares of the company’s stock valued at $320,000 after purchasing an additional 1,736 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $50.00 price objective on shares of Carriage Services in a report on Monday, February 10th.

Carriage Services Trading Up 1.4 %

Shares of Carriage Services stock opened at $41.54 on Thursday. Carriage Services, Inc. has a 1 year low of $23.20 and a 1 year high of $42.75. 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 $632.24 million, a P/E ratio of 18.63, a PEG ratio of 0.97 and a beta of 0.92. The company’s fifty day moving average is $40.30 and its two-hundred day moving average is $36.39.

Carriage Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, February 3rd. Carriage Services’s payout ratio is 20.18%.

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.