Integrated Quantitative Investments LLC Makes New Investment in Carriage Services, Inc. (NYSE:CSV)

Integrated Quantitative Investments LLC purchased a new stake in shares of Carriage Services, Inc. (NYSE:CSV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,896 shares of the company’s stock, valued at approximately $355,000.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position in Carriage Services by 4.4% during the third quarter. Geode Capital Management LLC now owns 314,864 shares of the company’s stock valued at $10,339,000 after acquiring an additional 13,126 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Carriage Services by 14.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company’s stock worth $5,975,000 after purchasing an additional 18,661 shares in the last quarter. Rhumbline Advisers grew its stake in Carriage Services by 60.8% during the 4th quarter. Rhumbline Advisers now owns 32,226 shares of the company’s stock worth $1,284,000 after buying an additional 12,180 shares during the last quarter. Inspire Investing LLC acquired a new position in Carriage Services during the 4th quarter valued at about $821,000. Finally, Barclays PLC raised its stake in Carriage Services by 228.6% in the third quarter. Barclays PLC now owns 20,433 shares of the company’s stock valued at $671,000 after buying an additional 14,215 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors.

Carriage Services Stock Performance

Shares of CSV stock opened at $37.58 on Friday. The business has a fifty day moving average of $39.70 and a 200 day moving average of $37.97. Carriage Services, Inc. has a 1 year low of $23.20 and a 1 year high of $42.75. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The firm has a market capitalization of $588.19 million, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.11. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The firm had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $96.72 million. During the same period last year, the business posted $0.77 earnings per share. As a group, research analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently disclosed 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. This represents a $0.45 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Monday, February 3rd. Carriage Services’s payout ratio is 21.43%.

Wall Street Analysts Forecast Growth

CSV has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $50.00 price target on shares of Carriage Services in a research note on Friday, February 28th. StockNews.com downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

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.