Renaissance Technologies LLC Decreases Holdings in Carriage Services, Inc. $CSV

Renaissance Technologies LLC trimmed its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,900 shares of the company’s stock after selling 24,202 shares during the period. Renaissance Technologies LLC owned about 2.70% of Carriage Services worth $19,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSV. JPMorgan Chase & Co. increased its stake in Carriage Services by 25.6% in the third quarter. JPMorgan Chase & Co. now owns 121,273 shares of the company’s stock valued at $5,401,000 after acquiring an additional 24,752 shares during the period. Swedbank AB acquired a new stake in Carriage Services during the first quarter valued at approximately $3,753,000. North Star Investment Management Corp. bought a new stake in shares of Carriage Services in the 4th quarter valued at approximately $550,000. Punch & Associates Investment Management Inc. raised its holdings in shares of Carriage Services by 16.7% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 246,699 shares of the company’s stock worth $10,435,000 after buying an additional 35,274 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Carriage Services by 30.1% in the 2nd quarter. Jane Street Group LLC now owns 23,120 shares of the company’s stock worth $1,058,000 after buying an additional 5,349 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Stock Performance

NYSE:CSV opened at $40.10 on Friday. Carriage Services, Inc. has a 1 year low of $36.39 and a 1 year high of $52.10. The firm has a 50 day moving average of $39.15 and a 200-day moving average of $42.84. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $636.45 million, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.78 and a beta of 0.84.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The business had revenue of $106.12 million for the quarter, compared to the consensus estimate of $111.39 million. Carriage Services had a return on equity of 19.78% and a net margin of 10.58%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, sell-side analysts anticipate that Carriage Services, Inc. will post 3.46 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid 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 currently 16.30%.

Analysts Set New Price Targets

CSV has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a research note on Monday, April 27th. Weiss Ratings cut Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

About Carriage Services

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.