Carriage Services, Inc. $CSV Stock Holdings Lessened by Maven Securities LTD

Maven Securities LTD cut its holdings in Carriage Services, Inc. (NYSE:CSV) by 78.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,160 shares of the company’s stock after selling 30,124 shares during the period. Maven Securities LTD’s holdings in Carriage Services were worth $373,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Carriage Services by 2.6% in the first quarter. Vanguard Group Inc. now owns 941,412 shares of the company’s stock worth $36,480,000 after acquiring an additional 24,138 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Carriage Services by 5.4% during the second quarter. Geode Capital Management LLC now owns 350,092 shares of the company’s stock valued at $16,016,000 after purchasing an additional 17,931 shares during the last quarter. De Lisle Partners LLP raised its position in shares of Carriage Services by 13.9% during the 2nd quarter. De Lisle Partners LLP now owns 209,777 shares of the company’s stock worth $9,600,000 after purchasing an additional 25,676 shares during the period. Boston Partners lifted its holdings in shares of Carriage Services by 7.5% in the 2nd quarter. Boston Partners now owns 202,581 shares of the company’s stock worth $9,266,000 after purchasing an additional 14,056 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Carriage Services by 120.2% in the 1st quarter. LPL Financial LLC now owns 135,893 shares of the company’s stock worth $5,266,000 after purchasing an additional 74,193 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSV shares. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a research note on Monday, December 1st. Zacks Research downgraded shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a research report on Monday. Finally, Raymond James Financial initiated coverage on shares of Carriage Services in a research report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Carriage Services Stock Up 0.1%

Shares of Carriage Services stock opened at $41.87 on Wednesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75. Carriage Services, Inc. has a 1-year low of $35.51 and a 1-year high of $49.41. The business’s fifty day moving average price is $43.50 and its two-hundred day moving average price is $44.44. The company has a market capitalization of $658.96 million, a P/E ratio of 13.46, a PEG ratio of 0.85 and a beta of 0.96.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%.The company had revenue of $102.74 million during the quarter, compared to analysts’ expectations of $100.96 million. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. As a group, research analysts forecast that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 3rd were given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, November 3rd. Carriage Services’s payout ratio is 14.47%.

Carriage Services Company 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.