Alberta Investment Management Corp Acquires 2,700 Shares of Carriage Services, Inc. (NYSE:CSV)

Alberta Investment Management Corp increased its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,900 shares of the company’s stock after acquiring an additional 2,700 shares during the quarter. Alberta Investment Management Corp’s holdings in Carriage Services were worth $1,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in Carriage Services by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 314,864 shares of the company’s stock worth $10,339,000 after purchasing an additional 13,126 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Carriage Services by 14.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company’s stock valued at $5,975,000 after buying an additional 18,661 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Carriage Services by 94.7% in the third quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company’s stock valued at $3,903,000 after buying an additional 57,821 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Carriage Services by 6.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company’s stock worth $2,700,000 after buying an additional 4,850 shares in the last quarter. Finally, Praetorian PR LLC increased its stake in Carriage Services by 15.2% during the third quarter. Praetorian PR LLC now owns 80,000 shares of the company’s stock valued at $2,626,000 after acquiring an additional 10,578 shares during the period. Institutional investors own 66.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of Carriage Services in a research report on Monday, February 10th.

Carriage Services Trading Down 0.6 %

Shares of Carriage Services stock opened at $40.77 on Friday. Carriage Services, Inc. has a 52-week low of $23.20 and a 52-week high of $42.75. The firm has a market capitalization of $620.53 million, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The company’s fifty day moving average price is $40.32 and its two-hundred day moving average price is $36.51.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be paid a $0.1125 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.10%. Carriage Services’s payout ratio is currently 20.18%.

Carriage Services Profile

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.