Seizert Capital Partners LLC Raises Stake in Carriage Services, Inc. $CSV

Seizert Capital Partners LLC increased its position in Carriage Services, Inc. (NYSE:CSV) by 55.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,039 shares of the company’s stock after buying an additional 29,525 shares during the period. Seizert Capital Partners LLC’s holdings in Carriage Services were worth $3,699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in Carriage Services by 3.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock valued at $404,000 after acquiring an additional 258 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Carriage Services by 22.1% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after acquiring an additional 312 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Carriage Services by 3.0% in the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock worth $514,000 after purchasing an additional 330 shares during the period. Finally, BayBridge Capital Group LLC raised its holdings in Carriage Services by 4.7% during the 2nd quarter. BayBridge Capital Group LLC now owns 8,311 shares of the company’s stock valued at $380,000 after buying an additional 376 shares during the period. Institutional investors own 66.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Zacks Research cut Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Raymond James Financial started coverage on shares of Carriage Services in a report on Wednesday, October 1st. They issued an “outperform” rating and a $60.00 target price for the company. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a report on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.00.

Carriage Services Price Performance

Shares of CSV opened at $43.71 on Tuesday. Carriage Services, Inc. has a fifty-two week low of $35.51 and a fifty-two week high of $49.41. The company has a market capitalization of $688.00 million, a P/E ratio of 14.05, a P/E/G ratio of 0.85 and a beta of 0.94. The business’s 50-day moving average is $42.60 and its two-hundred day moving average is $44.15. 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 (NYSE:CSV) last posted its earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. Carriage Services had a net margin of 11.98% and a return on equity of 21.39%. The business had revenue of $102.74 million for the quarter, compared to analyst estimates of $100.96 million. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. Research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

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

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.