Price T Rowe Associates Inc. MD Has $3.10 Million Stock Position in Carriage Services, Inc. (NYSE:CSV)

Price T Rowe Associates Inc. MD grew its holdings in Carriage Services, Inc. (NYSE:CSV) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,688 shares of the company’s stock after purchasing an additional 12,103 shares during the period. Price T Rowe Associates Inc. MD owned about 0.51% of Carriage Services worth $3,097,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CSV. MetLife Investment Management LLC increased its stake in Carriage Services by 3.1% in the 4th quarter. MetLife Investment Management LLC now owns 8,223 shares of the company’s stock valued at $328,000 after buying an additional 246 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Carriage Services by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 734,828 shares of the company’s stock valued at $29,283,000 after acquiring an additional 9,080 shares during the last quarter. Marshall Wace LLP raised its holdings in Carriage Services by 27.3% during the fourth quarter. Marshall Wace LLP now owns 44,151 shares of the company’s stock worth $1,759,000 after acquiring an additional 9,461 shares in the last quarter. Jump Financial LLC boosted its position in Carriage Services by 7.9% during the fourth quarter. Jump Financial LLC now owns 8,200 shares of the company’s stock valued at $327,000 after purchasing an additional 600 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in Carriage Services by 39.6% in the fourth quarter. XTX Topco Ltd now owns 12,655 shares of the company’s stock valued at $504,000 after purchasing an additional 3,591 shares in the last quarter. Institutional investors own 66.46% of the company’s stock.

Insiders Place Their Bets

In other Carriage Services news, President Steven D. Metzger sold 2,492 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $40.01, for a total transaction of $99,704.92. Following the transaction, the president now owns 78,897 shares in the company, valued at $3,156,668.97. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CSV shares. Roth Mkm reissued a “buy” rating and issued a $51.00 price objective (up previously from $48.00) on shares of Carriage Services in a report on Friday. Barrington Research reiterated an “outperform” rating and issued a $50.00 price target on shares of Carriage Services in a research note on Thursday, May 1st. Finally, StockNews.com lowered shares of Carriage Services from a “buy” rating to a “hold” rating in a research note on Saturday.

Carriage Services Stock Performance

Shares of NYSE CSV opened at $39.87 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $623.89 million, a P/E ratio of 17.88, a P/E/G ratio of 0.97 and a beta of 0.93. Carriage Services, Inc. has a 12 month low of $25.44 and a 12 month high of $42.75. The stock has a 50 day moving average of $38.63 and a 200-day moving average of $39.08.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.16. The firm had revenue of $8.47 million during the quarter, compared to analysts’ expectations of $104.17 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. As a group, equities research analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be issued a $0.1125 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.45 annualized dividend and a yield of 1.13%. Carriage Services’s dividend payout ratio is currently 15.05%.

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.