SG Americas Securities LLC trimmed its stake in shares of Carriage Services, Inc. (NYSE:CSV – Free Report) by 79.8% in the first quarter, Holdings Channel reports. The fund owned 3,839 shares of the company’s stock after selling 15,167 shares during the period. SG Americas Securities LLC’s holdings in Carriage Services were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Carriage Services in the fourth quarter valued at approximately $206,000. Millennium Management LLC lifted its holdings in shares of Carriage Services by 597.1% during the fourth quarter. Millennium Management LLC now owns 136,149 shares of the company’s stock worth $5,759,000 after purchasing an additional 116,617 shares during the period. Man Group plc purchased a new position in Carriage Services in the 4th quarter valued at $957,000. AQR Capital Management LLC increased its stake in Carriage Services by 4.3% in the 4th quarter. AQR Capital Management LLC now owns 10,775 shares of the company’s stock valued at $456,000 after buying an additional 446 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Carriage Services in the 4th quarter valued at $1,488,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CSV has been the subject of several recent analyst reports. Weiss Ratings cut shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research note on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carriage Services presently has an average rating of “Moderate Buy” and a consensus target price of $61.67.
Carriage Services Price Performance
Shares of NYSE CSV traded down $0.18 during midday trading on Friday, hitting $37.89. The company had a trading volume of 74,523 shares, compared to its average volume of 125,927. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. Carriage Services, Inc. has a twelve month low of $37.11 and a twelve month high of $52.10. The business has a 50-day simple moving average of $40.88 and a two-hundred day simple moving average of $43.22. The firm has a market capitalization of $601.41 million, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.73 and a beta of 0.84.
Carriage Services (NYSE:CSV – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. The company had revenue of $106.12 million for the quarter, compared to analyst estimates of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Equities research analysts anticipate that Carriage Services, Inc. will post 3.45 earnings per share for the current year.
Carriage Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 4th were paid a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.2%. Carriage Services’s payout ratio is 16.30%.
Carriage Services Profile
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.
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