Swedbank AB Purchases Shares of 82,200 Carriage Services, Inc. $CSV

Swedbank AB acquired a new position in Carriage Services, Inc. (NYSE:CSV) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 82,200 shares of the company’s stock, valued at approximately $3,753,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Carriage Services in the third quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its position in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the last quarter. Quarry LP purchased a new position in Carriage Services during the 3rd quarter worth approximately $51,000. Raymond James Financial Inc. acquired a new stake in Carriage Services during the 2nd quarter valued at approximately $71,000. Finally, Tower Research Capital LLC TRC lifted its stake in Carriage Services by 159.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,750 shares of the company’s stock valued at $80,000 after acquiring an additional 1,075 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSV. Weiss Ratings downgraded shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.

Carriage Services Stock Performance

Shares of CSV traded down $0.18 during mid-day trading on Friday, reaching $37.89. The company had a trading volume of 74,523 shares, compared to its average volume of 125,927. The stock has a market capitalization of $601.41 million, a P/E ratio of 13.73, a PEG ratio of 0.73 and a beta of 0.84. Carriage Services, Inc. has a 52-week low of $37.11 and a 52-week high of $52.10. The stock has a 50 day moving average of $40.88 and a two-hundred day moving average of $43.22. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. Carriage Services had a return on equity of 19.78% and a net margin of 10.58%.The company had revenue of $106.12 million during the quarter, compared to analysts’ expectations of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, analysts expect that Carriage Services, Inc. will post 3.45 earnings per share for the current year.

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 4th were issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 4th. Carriage Services’s payout ratio is 16.30%.

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.