Carriage Services, Inc. $CSV Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in shares of Carriage Services, Inc. (NYSE:CSV) by 94.2% during the first quarter, Holdings Channel reports. The institutional investor owned 68,293 shares of the company’s stock after buying an additional 33,120 shares during the quarter. Lazard Asset Management LLC’s holdings in Carriage Services were worth $3,118,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after acquiring an additional 312 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after purchasing an additional 868 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Carriage Services in the 1st quarter valued at approximately $689,000. Creative Planning acquired a new stake in shares of Carriage Services in the 2nd quarter valued at $200,000. Finally, Rhumbline Advisers lifted its position in shares of Carriage Services by 8.2% during the 2nd quarter. Rhumbline Advisers now owns 21,856 shares of the company’s stock worth $1,000,000 after purchasing an additional 1,654 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CSV shares. Weiss Ratings lowered Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.67.

Carriage Services Stock Performance

Shares of Carriage Services stock opened at $40.38 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. Carriage Services, Inc. has a 52 week low of $36.39 and a 52 week high of $52.10. The firm’s 50 day moving average is $39.08 and its two-hundred day moving average is $42.82. The firm has a market capitalization of $640.88 million, a P/E ratio of 14.63, a P/E/G ratio of 0.78 and a beta of 0.84.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. The business had revenue of $106.12 million during 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. Research analysts forecast that Carriage Services, Inc. will post 3.46 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a $0.1125 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.1%. Carriage Services’s payout ratio is 16.30%.

Carriage Services 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.