Quantbot Technologies LP Acquires New Holdings in Carriage Services, Inc. $CSV

Quantbot Technologies LP bought a new position in shares of Carriage Services, Inc. (NYSE:CSV) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,947 shares of the company’s stock, valued at approximately $611,000. Quantbot Technologies LP owned about 0.10% of Carriage Services at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSV. BlackRock Inc. bought a new stake in shares of Carriage Services in the second quarter worth $42,164,000. Vanguard Group Inc. grew its position in shares of Carriage Services by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock valued at $45,483,000 after buying an additional 38,738 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Carriage Services by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company’s stock valued at $27,867,000 after buying an additional 3,520 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Carriage Services by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company’s stock valued at $21,414,000 after buying an additional 3,550 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Carriage Services by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 386,018 shares of the company’s stock worth $16,333,000 after acquiring an additional 5,870 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on CSV shares. Roth Capital set a $46.00 target price on Carriage Services in a report on Friday, August 7th. Oppenheimer started coverage on shares of Carriage Services in a research report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 price target on the stock. Zacks Research lowered shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Raymond James Financial set a $50.00 target price on shares of Carriage Services in a research note on Friday, August 7th. Finally, Weiss Ratings cut shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.00.

Carriage Services Price Performance

Carriage Services stock opened at $34.30 on Friday. The stock has a market capitalization of $544.34 million, a price-to-earnings ratio of 12.29, a PEG ratio of 0.69 and a beta of 0.84. Carriage Services, Inc. has a 52-week low of $33.33 and a 52-week high of $52.10. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46. The stock’s 50 day moving average price is $37.53 and its two-hundred day moving average price is $41.82.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). The company had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities analysts predict that Carriage Services, Inc. will post 3.38 earnings per share for the current year.

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s dividend payout ratio is 16.13%.

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.