Renaissance Technologies LLC Sells 24,202 Shares of Carriage Services, Inc. $CSV

Renaissance Technologies LLC trimmed its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 427,900 shares of the company’s stock after selling 24,202 shares during the period. Renaissance Technologies LLC’s holdings in Carriage Services were worth $19,538,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC raised its position in Carriage Services by 597.1% in the 4th quarter. Millennium Management LLC now owns 136,149 shares of the company’s stock worth $5,759,000 after purchasing an additional 116,617 shares during the last quarter. Swedbank AB bought a new position in Carriage Services in the 1st quarter valued at $3,753,000. Punch & Associates Investment Management Inc. boosted its position in Carriage Services by 59.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock valued at $9,417,000 after buying an additional 78,730 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Carriage Services by 12.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 477,238 shares of the company’s stock valued at $21,829,000 after buying an additional 52,889 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of Carriage Services by 64.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 134,440 shares of the company’s stock valued at $5,988,000 after buying an additional 52,444 shares during the period. 66.46% of the stock is owned by institutional investors.

Carriage Services Price Performance

CSV opened at $40.10 on Friday. The company has a fifty day moving average price of $39.15 and a two-hundred day moving average price of $42.84. The firm has a market capitalization of $636.45 million, a PE ratio of 14.53, a P/E/G ratio of 0.78 and a beta of 0.84. Carriage Services, Inc. has a 52 week low of $36.39 and a 52 week high of $52.10. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.99 and a current ratio of 1.15.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Carriage Services had a return on equity of 19.78% and a net margin of 10.58%.The company had revenue of $106.12 million for the quarter, compared to the consensus estimate of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, analysts anticipate that Carriage Services, Inc. will post 3.46 earnings per share for the current year.

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is presently 16.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CSV shares. Weiss Ratings lowered Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Carriage Services has a consensus rating of “Moderate Buy” and an average target price of $61.67.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.