Allspring Global Investments Holdings LLC Acquires 18,661 Shares of Carriage Services, Inc. (NYSE:CSV)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 about 0.99% of Carriage Services worth $5,975,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Carriage Services by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock valued at $10,339,000 after acquiring an additional 13,126 shares during the period. JPMorgan Chase & Co. increased its position in shares of Carriage Services by 94.7% during the third quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock valued at $3,903,000 after buying an additional 57,821 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Carriage Services by 6.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company's stock valued at $2,700,000 after buying an additional 4,850 shares during the period. Praetorian PR LLC increased its position in shares of Carriage Services by 15.2% during the third quarter. Praetorian PR LLC now owns 80,000 shares of the company's stock valued at $2,626,000 after buying an additional 10,578 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Carriage Services during the third quarter valued at about $2,151,000. 66.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research reissued an "outperform" rating and set a $50.00 price objective on shares of Carriage Services in a report on Monday, February 10th.

Carriage Services Price Performance

CSV traded down $0.23 during midday trading on Friday, hitting $40.77. The stock had a trading volume of 99,782 shares, compared to its average volume of 164,352. The company has a market cap of $620.53 million, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The business has a fifty day moving average of $40.32 and a 200 day moving average of $36.51. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. Carriage Services, Inc. has a 1 year low of $23.20 and a 1 year high of $42.75.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, February 3rd. Carriage Services's dividend payout ratio (DPR) is presently 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.