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

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

Carriage Services Trading Down 0.6 %

Shares of CSV opened at $40.85 on Monday. The firm’s 50 day simple moving average is $40.14 and its 200 day simple moving average is $36.06. The company has a market capitalization of $621.74 million, a P/E ratio of 18.32, a P/E/G ratio of 0.98 and a beta of 0.92. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. Carriage Services has a 1-year low of $23.20 and a 1-year high of $42.67.

Carriage Services Dividend Announcement

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

Institutional Investors Weigh In On Carriage Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Values First Advisors Inc. raised its stake in Carriage Services by 1.6% in the fourth quarter. Values First Advisors Inc. now owns 17,498 shares of the company’s stock valued at $697,000 after purchasing an additional 270 shares in the last quarter. FMR LLC raised its stake in shares of Carriage Services by 46.6% during the third quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after acquiring an additional 271 shares in the last quarter. Versor Investments LP raised its stake in shares of Carriage Services by 6.3% during the fourth quarter. Versor Investments LP now owns 8,387 shares of the company’s stock worth $334,000 after acquiring an additional 500 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Carriage Services by 8.8% during the fourth quarter. Principal Financial Group Inc. now owns 7,700 shares of the company’s stock worth $307,000 after acquiring an additional 624 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Carriage Services by 1.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company’s stock worth $2,450,000 after acquiring an additional 800 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

About Carriage Services

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.