Boston Partners Has $9.27 Million Stake in Carriage Services, Inc. $CSV

Boston Partners increased its position in Carriage Services, Inc. (NYSE:CSV - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,581 shares of the company's stock after purchasing an additional 14,056 shares during the quarter. Boston Partners owned approximately 1.29% of Carriage Services worth $9,266,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CSV. Jones Financial Companies Lllp lifted its position in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock worth $36,000 after buying an additional 868 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Carriage Services by 22.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company's stock valued at $66,000 after buying an additional 262 shares in the last quarter. Simplex Trading LLC lifted its holdings in shares of Carriage Services by 408.7% during the 2nd quarter. Simplex Trading LLC now owns 1,526 shares of the company's stock valued at $69,000 after purchasing an additional 1,226 shares in the last quarter. US Bancorp DE bought a new stake in shares of Carriage Services during the first quarter worth $93,000. Finally, State of Wyoming acquired a new stake in shares of Carriage Services in the 1st quarter valued at about $108,000. 66.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CSV shares. B. Riley restated a "buy" rating and set a $65.00 target price (up from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Barrington Research reissued an "outperform" rating and set a $60.00 price target on shares of Carriage Services in a report on Friday, November 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Carriage Services in a research report on Tuesday. Raymond James Financial started coverage on Carriage Services in a research report on Wednesday, October 1st. They issued an "outperform" rating and a $60.00 price target on the stock. Finally, Zacks Research lowered shares of Carriage Services from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.00.

View Our Latest Research Report on Carriage Services

Carriage Services Trading Up 0.8%

Shares of Carriage Services stock opened at $43.30 on Friday. The stock's 50-day simple moving average is $43.90 and its 200 day simple moving average is $44.46. The stock has a market capitalization of $681.76 million, a P/E ratio of 13.00, a P/E/G ratio of 0.89 and a beta of 0.92. Carriage Services, Inc. has a 52-week low of $35.51 and a 52-week high of $49.41. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06.

Carriage Services (NYSE:CSV - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. The company had revenue of $102.74 million during the quarter, compared to analyst estimates of $100.96 million. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. As a group, research analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. Carriage Services's dividend payout ratio (DPR) is 14.47%.

Carriage Services Company 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.

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