Dupont Capital Management Corp purchased a new stake in Carriage Services, Inc. (NYSE:CSV) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 27,560 shares of the company’s stock, valued at approximately $531,000.
Several other institutional investors and hedge funds have also bought and sold shares of CSV. Bank of New York Mellon Corp lifted its holdings in shares of Carriage Services by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 119,648 shares of the company’s stock worth $2,578,000 after acquiring an additional 4,572 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Carriage Services by 1.8% in the 3rd quarter. BlackRock Inc. now owns 1,379,683 shares of the company’s stock worth $29,735,000 after acquiring an additional 24,186 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of Carriage Services by 50.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,256 shares of the company’s stock worth $243,000 after acquiring an additional 3,750 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Carriage Services by 82.7% in the 3rd quarter. AQR Capital Management LLC now owns 27,183 shares of the company’s stock worth $586,000 after acquiring an additional 12,304 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Carriage Services by 87.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 23,000 shares of the company’s stock worth $496,000 after acquiring an additional 10,700 shares during the last quarter. 76.82% of the stock is owned by institutional investors and hedge funds.
NYSE:CSV opened at $19.43 on Friday. Carriage Services, Inc. has a 52 week low of $14.50 and a 52 week high of $25.79. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.81 and a quick ratio of 0.65. The firm has a market cap of $349.48 million, a P/E ratio of 19.81, a PEG ratio of 0.93 and a beta of 0.93.
Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.02). Carriage Services had a net margin of 3.35% and a return on equity of 7.69%. The firm had revenue of $69.08 million for the quarter, compared to the consensus estimate of $73.19 million. Equities research analysts expect that Carriage Services, Inc. will post 1.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, May 10th. This represents a $0.30 dividend on an annualized basis and a yield of 1.54%. Carriage Services’s dividend payout ratio is currently 25.64%.
CSV has been the subject of a number of recent research reports. ValuEngine upgraded shares of Carriage Services from a “strong sell” rating to a “sell” rating in a report on Thursday, January 17th. Barrington Research reiterated a “buy” rating and set a $24.00 price target on shares of Carriage Services in a report on Tuesday, January 15th. Finally, Zacks Investment Research upgraded shares of Carriage Services from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Thursday, January 31st.
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Carriage Services Profile
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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