NFJ Investment Group LLC bought a new position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 54,347 shares of the company's stock, valued at approximately $1,784,000. NFJ Investment Group LLC owned about 0.36% of Carriage Services as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in Carriage Services by 8.2% in the second quarter. Renaissance Technologies LLC now owns 616,500 shares of the company's stock worth $16,547,000 after purchasing an additional 46,700 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Carriage Services by 201.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company's stock worth $6,166,000 after buying an additional 153,538 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Carriage Services by 10.7% during the second quarter. Bank of New York Mellon Corp now owns 141,262 shares of the company's stock worth $3,791,000 after buying an additional 13,598 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Carriage Services in the third quarter valued at approximately $4,310,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Carriage Services by 6.3% in 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. Institutional investors and hedge funds own 66.46% of the company's stock.
Carriage Services Stock Down 1.8 %
NYSE CSV traded down $0.74 on Thursday, reaching $39.81. The company had a trading volume of 72,382 shares, compared to its average volume of 104,371. The company's fifty day moving average is $35.55 and its 200-day moving average is $31.73. Carriage Services, Inc. has a 1-year low of $22.84 and a 1-year high of $40.91. The firm has a market capitalization of $605.91 million, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.08 and a beta of 0.93. 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 (NYSE:CSV - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.19. The company had revenue of $100.69 million for the quarter, compared to the consensus estimate of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period last year, the company earned $0.33 earnings per share. On average, research analysts forecast 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 was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.1125 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.45 dividend on an annualized basis and a yield of 1.13%. Carriage Services's dividend payout ratio is 20.18%.
Insider Buying and Selling at Carriage Services
In other news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.10% of the company's stock.
Wall Street Analyst Weigh In
Separately, Barrington Research upped their price objective on Carriage Services from $39.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 31st.
Check Out Our Latest Report on Carriage Services
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.
Read More
Before you consider Carriage Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carriage Services wasn't on the list.
While Carriage Services currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
