Navellier & Associates Inc. Purchases 12,621 Shares of Carriage Services, Inc. $CSV

Navellier & Associates Inc. boosted its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 88.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,932 shares of the company’s stock after buying an additional 12,621 shares during the period. Navellier & Associates Inc. owned about 0.17% of Carriage Services worth $1,200,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CSV. Jones Financial Companies Lllp boosted its position in shares of Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after acquiring an additional 868 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Carriage Services in the third quarter worth about $37,000. Ameritas Investment Partners Inc. lifted 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 worth $66,000 after purchasing an additional 262 shares during the period. Simplex Trading LLC boosted its holdings in Carriage Services by 408.7% during the second quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock valued at $69,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Carriage Services during the second quarter valued at approximately $71,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSV. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a report on Monday, January 5th. Weiss Ratings reiterated 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 assigned a Hold rating to the stock. According to MarketBeat.com, Carriage Services currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Carriage Services Stock Performance

NYSE:CSV opened at $44.33 on Wednesday. The stock has a market capitalization of $697.75 million, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.85 and a beta of 0.95. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 2.23. Carriage Services, Inc. has a 1 year low of $35.51 and a 1 year high of $49.41. The firm has a 50 day moving average of $43.00 and a 200-day moving average of $43.79.

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. Carriage Services’s payout ratio 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.