Carriage Services, Inc. (NYSE:CSV) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Carriage Services, Inc. (NYSE:CSV) by 92.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,642 shares of the company’s stock after purchasing an additional 24,263 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Carriage Services were worth $2,018,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Versor Investments LP grew its position in Carriage Services by 6.3% during the fourth quarter. Versor Investments LP now owns 8,387 shares of the company’s stock valued at $334,000 after buying an additional 500 shares during the period. Alberta Investment Management Corp grew its position in shares of Carriage Services by 8.4% during the 4th quarter. Alberta Investment Management Corp now owns 34,900 shares of the company’s stock valued at $1,391,000 after acquiring an additional 2,700 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Carriage Services during the 4th quarter valued at about $1,159,000. Principal Financial Group Inc. increased its stake in shares of Carriage Services by 8.8% in the 4th quarter. Principal Financial Group Inc. now owns 7,700 shares of the company’s stock valued at $307,000 after purchasing an additional 624 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Carriage Services by 60.8% in the 4th quarter. Rhumbline Advisers now owns 32,226 shares of the company’s stock worth $1,284,000 after purchasing an additional 12,180 shares during the period. 66.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CSV. StockNews.com lowered Carriage Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Barrington Research reissued an “outperform” rating and issued a $50.00 price target on shares of Carriage Services in a research note on Friday, February 28th.

Carriage Services Stock Up 1.3 %

CSV opened at $38.41 on Wednesday. The company has a market cap of $601.10 million, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. Carriage Services, Inc. has a twelve month low of $23.20 and a twelve month high of $42.75. The company has a 50-day moving average price of $39.99 and a 200 day moving average price of $37.51. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The business had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $96.72 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Sell-side analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1125 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.45 annualized dividend and a yield of 1.17%. Carriage Services’s dividend payout ratio (DPR) is presently 21.43%.

Carriage Services 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.