Arrowstreet Capital Limited Partnership Buys 34,342 Shares of Carriage Services, Inc. (NYSE:CSV)

Arrowstreet Capital Limited Partnership grew its stake in Carriage Services, Inc. (NYSE:CSV - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,228 shares of the company's stock after purchasing an additional 34,342 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.56% of Carriage Services worth $9,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position 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 purchasing an additional 13,126 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Carriage Services by 14.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company's stock worth $5,975,000 after buying an additional 18,661 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Carriage Services by 60.8% during the fourth quarter. Rhumbline Advisers now owns 32,226 shares of the company's stock worth $1,284,000 after buying an additional 12,180 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Carriage Services in the fourth quarter valued at approximately $821,000. Finally, Barclays PLC raised its stake in shares of Carriage Services by 228.6% in the third quarter. Barclays PLC now owns 20,433 shares of the company's stock valued at $671,000 after acquiring an additional 14,215 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CSV. StockNews.com lowered Carriage Services from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Barrington Research restated an "outperform" rating and set a $50.00 target price on shares of Carriage Services in a report on Friday, February 28th.

Carriage Services Price Performance

CSV traded up $0.83 during midday trading on Friday, hitting $37.76. The company had a trading volume of 239,392 shares, compared to its average volume of 115,490. Carriage Services, Inc. has a twelve month low of $23.20 and a twelve month high of $42.75. The company has a market capitalization of $590.87 million, a PE ratio of 16.93, a P/E/G ratio of 0.97 and a beta of 0.77. 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 firm's 50-day simple moving average is $39.14 and its 200-day simple moving average is $38.16.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.11. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The business had revenue of $97.70 million during the quarter, compared to analyst estimates of $96.72 million. During the same quarter last year, the business posted $0.77 earnings per share. Equities research analysts predict 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 was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.19%. Carriage Services's payout ratio is currently 21.43%.

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.