Carriage Services (NYSE:CSV) Given Buy Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Carriage Services (NYSE:CSV) in a report published on Friday morning, Benzinga reports. Roth Mkm currently has a $40.00 price objective on the stock, up from their previous price objective of $32.00.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Carriage Services from a buy rating to a hold rating in a report on Wednesday, May 1st. Barrington Research reaffirmed an outperform rating and issued a $38.00 price objective on shares of Carriage Services in a research note on Tuesday, May 28th.

Carriage Services Stock Performance

Carriage Services stock traded up $0.28 during midday trading on Friday, hitting $29.42. The stock had a trading volume of 58,611 shares, compared to its average volume of 112,191. Carriage Services has a 52-week low of $18.06 and a 52-week high of $35.00. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $446.01 million, a PE ratio of 14.37, a P/E/G ratio of 0.92 and a beta of 0.92. The firm’s fifty day moving average is $28.33 and its two-hundred day moving average is $26.43.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Monday, August 5th. Carriage Services’s dividend payout ratio is currently 22.17%.

Insider Activity at Carriage Services

In other news, VP Shawn R. Phillips sold 10,593 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $25.57, for a total transaction of $270,863.01. Following the completion of the sale, the vice president now directly owns 113,348 shares of the company’s stock, valued at $2,898,308.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Shane Pudenz sold 1,443 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $27.30, for a total value of $39,393.90. Following the sale, the senior vice president now directly owns 13,460 shares in the company, valued at approximately $367,458. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shawn R. Phillips sold 10,593 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $25.57, for a total transaction of $270,863.01. Following the transaction, the vice president now owns 113,348 shares of the company’s stock, valued at approximately $2,898,308.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,318 shares of company stock worth $406,452. Insiders own 12.10% of the company’s stock.

Institutional Trading of Carriage Services

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Carriage Services by 2.0% in the third quarter. Vanguard Group Inc. now owns 854,339 shares of the company’s stock worth $24,135,000 after buying an additional 16,448 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Carriage Services during the 4th quarter worth approximately $272,000. Linden Thomas Advisory Services LLC increased its holdings in shares of Carriage Services by 21.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,479 shares of the company’s stock valued at $237,000 after purchasing an additional 1,675 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Carriage Services by 23.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 210,891 shares of the company’s stock valued at $5,274,000 after purchasing an additional 39,525 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Carriage Services in the 4th quarter valued at $327,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.