Navellier & Associates Inc. Sells 21,909 Shares of Carriage Services, Inc. $CSV

Navellier & Associates Inc. lessened its stake in Carriage Services, Inc. (NYSE:CSV) by 81.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,023 shares of the company’s stock after selling 21,909 shares during the period. Navellier & Associates Inc.’s holdings in Carriage Services were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. 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. Ameriprise Financial Inc. grew its position in shares of Carriage Services by 0.7% in the 3rd 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 last quarter. Boston Partners grew its position in shares of Carriage Services by 9.6% in the 3rd quarter. Boston Partners now owns 222,130 shares of the company’s stock valued at $9,894,000 after buying an additional 19,549 shares during the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Carriage Services by 59.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock valued at $9,417,000 after buying an additional 78,730 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its position in shares of Carriage Services by 4.8% in the 3rd quarter. Manatuck Hill Partners LLC now owns 152,000 shares of the company’s stock valued at $6,770,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Down 4.2%

Shares of Carriage Services stock opened at $44.61 on Friday. Carriage Services, Inc. has a one year low of $39.88 and a one year high of $52.10. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.98 and a quick ratio of 0.84. The stock’s 50-day moving average is $45.85 and its 200 day moving average is $44.07. The firm has a market cap of $702.65 million, a price-to-earnings ratio of 16.16, a PEG ratio of 0.91 and a beta of 0.90.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. Carriage Services had a return on equity of 20.24% and a net margin of 10.58%.The company had revenue of $106.12 million for the quarter, compared to analyst estimates of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Equities research analysts anticipate that Carriage Services, Inc. will post 3.42 EPS for the current year.

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, May 4th. Carriage Services’s dividend payout ratio is 16.30%.

Analyst Ratings Changes

A number of research firms have commented on CSV. Weiss Ratings lowered Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a research report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Carriage Services has an average rating of “Moderate Buy” and a consensus target price of $61.67.

Carriage Services Company 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.