Carriage Services, Inc. (NYSE:CSV) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 228.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,433 shares of the company's stock after acquiring 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 SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CSV. Renaissance Technologies LLC increased its holdings in Carriage Services by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 616,500 shares of the company's stock worth $16,547,000 after acquiring an additional 46,700 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Carriage Services by 4.4% in the third quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock valued at $10,339,000 after purchasing an additional 13,126 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Carriage Services during the third quarter worth about $4,310,000. Jacobs Levy Equity Management Inc. raised 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 during the last quarter. Finally, Praetorian PR LLC lifted its stake in Carriage Services by 15.2% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 66.46% of the company's stock.

Carriage Services Price Performance

Shares of Carriage Services stock traded up $0.35 during trading hours on Friday, reaching $40.18. 99,222 shares of the company's stock were exchanged, compared to its average volume of 94,357. The business has a fifty day moving average of $39.74 and a two-hundred day moving average of $34.48. The company has a market capitalization of $611.49 million, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 0.91 and a beta of 0.93. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. Carriage Services, Inc. has a 1 year low of $22.84 and a 1 year high of $42.13.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.19. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The company had revenue of $100.69 million during the quarter, compared to analysts' expectations of $93.49 million. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.1125 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.12%. Carriage Services's dividend payout ratio is presently 20.18%.

Analyst Ratings Changes

Separately, Barrington Research boosted their price objective on Carriage Services from $45.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th.

Insider Buying and Selling

In related news, VP Paul Donald Elliott sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the vice president now owns 34,166 shares of the company's stock, valued at approximately $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 11.30% of the stock is currently owned by company 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.