JPMorgan Chase & Co. increased its holdings in Carriage Services, Inc. (NYSE:CSV - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,989 shares of the company's stock after acquiring an additional 24,098 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.94% of Carriage Services worth $5,698,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of Carriage Services by 5.2% in the 4th quarter. LPL Financial LLC now owns 61,700 shares of the company's stock valued at $2,459,000 after buying an additional 3,030 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Carriage Services by 1.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company's stock worth $2,450,000 after purchasing an additional 800 shares in the last quarter. American Century Companies Inc. boosted its holdings in Carriage Services by 13.2% in the fourth quarter. American Century Companies Inc. now owns 24,892 shares of the company's stock worth $992,000 after acquiring an additional 2,900 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Carriage Services by 217.3% in the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company's stock valued at $199,000 after purchasing an additional 3,412 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Carriage Services during the 4th quarter worth approximately $308,000. 66.46% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on CSV shares. Barrington Research reiterated an "outperform" rating and set a $50.00 price objective on shares of Carriage Services in a research note on Friday, February 28th. StockNews.com lowered Carriage Services from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th.
View Our Latest Research Report on Carriage Services
Carriage Services Stock Performance
CSV traded up $0.69 during midday trading on Tuesday, hitting $39.17. 19,352 shares of the company were exchanged, compared to its average volume of 131,265. The firm has a market capitalization of $612.93 million, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77. Carriage Services, Inc. has a 1-year low of $24.55 and a 1-year high of $42.75. The company's 50 day simple moving average is $38.89 and its 200 day simple moving average is $38.47. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03.
Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $96.72 million. During the same quarter last year, the company earned $0.77 EPS. As a group, sell-side analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.
Carriage Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.15%. The ex-dividend date is Monday, May 5th. Carriage Services's payout ratio is currently 21.43%.
About Carriage Services
(
Free Report)
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.
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