Quantbot Technologies LP Makes New $611,000 Investment in Carriage Services, Inc. $CSV

Quantbot Technologies LP acquired a new stake in shares of Carriage Services, Inc. (NYSE:CSV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,947 shares of the company’s stock, valued at approximately $611,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Carriage Services in the 2nd quarter valued at about $42,164,000. Vanguard Group Inc. lifted its holdings in shares of Carriage Services by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock valued at $45,483,000 after purchasing an additional 38,738 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Carriage Services by 0.6% during the first 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. boosted its position in shares of Carriage Services by 0.7% during 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 last quarter. Finally, Geode Capital Management LLC grew its holdings in 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 buying an additional 5,870 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Carriage Services Stock Performance

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

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

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 annualized dividend and a yield of 1.3%. Carriage Services’s dividend payout ratio (DPR) is 16.13%.

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.