Carriage Services’ (CSV) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Carriage Services (NYSE:CSV) in a report published on Monday,Benzinga reports. The firm currently has a $50.00 price target on the stock.

Carriage Services Price Performance

Shares of NYSE:CSV opened at $40.85 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $621.74 million, a PE ratio of 18.32, a P/E/G ratio of 0.98 and a beta of 0.92. Carriage Services has a twelve month low of $23.20 and a twelve month high of $42.67. The company has a 50-day moving average price of $40.14 and a two-hundred day moving average price of $36.06.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be given a dividend of $0.1125 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.10%. Carriage Services’s dividend payout ratio is presently 20.18%.

Hedge Funds Weigh In On Carriage Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted 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 worth $10,339,000 after purchasing an additional 13,126 shares during the period. Penn Mutual Asset Management bought a new position in Carriage Services during the third quarter worth about $433,000. NFJ Investment Group LLC purchased a new stake in shares of Carriage Services in the third quarter worth about $1,784,000. Kingsview Wealth Management LLC purchased a new stake in shares of Carriage Services in the third quarter worth about $2,151,000. Finally, Barclays PLC lifted its holdings in shares of Carriage Services by 228.6% in the third quarter. Barclays PLC now owns 20,433 shares of the company’s stock worth $671,000 after buying an additional 14,215 shares in the last quarter. Institutional investors own 66.46% of the company’s stock.

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.