Carriage Services (NYSE:CSV) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Carriage Services (NYSE:CSV – Get Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the stock.

CSV has been the topic of several other reports. Barrington Research lifted their price objective on Carriage Services from $40.00 to $45.00 and gave the stock an outperform rating in a report on Thursday, February 23rd. TheStreet cut Carriage Services from a b- rating to a c+ rating in a report on Wednesday, November 16th.

Carriage Services Price Performance

NYSE:CSV opened at $31.65 on Thursday. Carriage Services has a 52 week low of $22.71 and a 52 week high of $56.28. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 4.29. The stock has a market capitalization of $471.27 million, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The stock’s 50-day moving average price is $32.12 and its 200-day moving average price is $30.08.

Carriage Services (NYSE:CSV – Get Rating) last posted its earnings results on Wednesday, February 22nd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Carriage Services had a return on equity of 32.26% and a net margin of 11.18%. The firm had revenue of $93.92 million for the quarter, compared to analysts’ expectations of $89.69 million. As a group, equities analysts expect that Carriage Services will post 2.33 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 6th were issued a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, February 3rd. Carriage Services’s dividend payout ratio is currently 17.31%.

Insider Transactions at Carriage Services

In related news, EVP Steven D. Metzger bought 1,000 shares of the stock in a transaction dated Tuesday, December 20th. The shares were acquired at an average cost of $26.98 per share, for a total transaction of $26,980.00. Following the acquisition, the executive vice president now directly owns 9,918 shares in the company, valued at approximately $267,587.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Adeola Olaniyan sold 1,028 shares of Carriage Services stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $26.99, for a total transaction of $27,745.72. Following the sale, the insider now owns 7,000 shares of the company’s stock, valued at approximately $188,930. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven D. Metzger bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 20th. The stock was purchased at an average cost of $26.98 per share, for a total transaction of $26,980.00. Following the transaction, the executive vice president now owns 9,918 shares of the company’s stock, valued at $267,587.64. The disclosure for this purchase can be found here. Insiders have sold a total of 1,652 shares of company stock worth $44,908 in the last ninety days. Insiders own 11.30% of the company’s stock.

Institutional Trading of Carriage Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC purchased a new stake in Carriage Services in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC increased its position in shares of Carriage Services by 673.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,407 shares of the company’s stock worth $45,000 after acquiring an additional 1,225 shares during the period. CWM LLC increased its position in shares of Carriage Services by 3,062.0% during the fourth quarter. CWM LLC now owns 1,581 shares of the company’s stock worth $44,000 after acquiring an additional 1,531 shares during the period. Point72 Hong Kong Ltd increased its position in shares of Carriage Services by 35.3% during the second quarter. Point72 Hong Kong Ltd now owns 1,655 shares of the company’s stock worth $66,000 after acquiring an additional 432 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in shares of Carriage Services by 107.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,342 shares of the company’s stock worth $65,000 after acquiring an additional 1,215 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Carriage Services Company Profile

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Carriage Services, Inc engages in the provision of funeral and cemetery services. It operates through the Funeral Home and Cemetery segments. The Funeral Home segment offers a complete suite of services to meet families’ funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral homes for visitation and remembrance services and transportation services.