Navellier & Associates Inc. Has $1.20 Million Stock Position in Carriage Services, Inc. $CSV

Navellier & Associates Inc. boosted its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 88.2% during the third quarter, Holdings Channel reports. The fund owned 26,932 shares of the company’s stock after acquiring an additional 12,621 shares during the period. Navellier & Associates Inc.’s holdings in Carriage Services were worth $1,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of Carriage Services by 1,736.0% in the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after acquiring an additional 868 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Carriage Services during the third quarter valued at approximately $37,000. Ameritas Investment Partners Inc. increased its holdings in shares of Carriage Services by 22.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock valued at $66,000 after purchasing an additional 262 shares in the last quarter. Simplex Trading LLC raised its position in Carriage Services by 408.7% in the 2nd quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock worth $69,000 after purchasing an additional 1,226 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Carriage Services during the 2nd quarter worth $71,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Price Performance

Shares of CSV stock opened at $44.33 on Wednesday. The firm’s 50 day moving average price is $43.00 and its two-hundred day moving average price is $43.79. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.75 and a current ratio of 0.88. Carriage Services, Inc. has a 52-week low of $35.51 and a 52-week high of $49.41. The stock has a market cap of $697.75 million, a PE ratio of 14.25, a PEG ratio of 0.85 and a beta of 0.95.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, February 2nd. Carriage Services’s dividend payout ratio (DPR) is currently 14.47%.

Wall Street Analysts Forecast Growth

CSV has been the subject of several research reports. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carriage Services currently has an average rating of “Moderate Buy” and an average target price of $59.00.

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.