Aureus Asset Management LLC lifted its stake in Chemed Co. (NYSE:CHE - Free Report) by 3,147.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,939 shares of the company's stock after purchasing an additional 29,017 shares during the quarter. Aureus Asset Management LLC owned 0.20% of Chemed worth $17,993,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of CHE. Cetera Advisors LLC purchased a new position in Chemed during the 1st quarter valued at about $267,000. GAMMA Investing LLC grew its stake in Chemed by 34.4% in the 2nd quarter. GAMMA Investing LLC now owns 86 shares of the company's stock valued at $47,000 after buying an additional 22 shares during the last quarter. Mather Group LLC. increased its stake in shares of Chemed by 60.5% in the second quarter. Mather Group LLC. now owns 183 shares of the company's stock worth $99,000 after purchasing an additional 69 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Chemed by 292.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,241 shares of the company's stock valued at $673,000 after purchasing an additional 925 shares during the period. Finally, CWM LLC increased its position in shares of Chemed by 18.5% during the second quarter. CWM LLC now owns 397 shares of the company's stock valued at $215,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 95.85% of the company's stock.
Chemed Stock Down 1.0 %
CHE stock traded down $5.96 during midday trading on Monday, reaching $566.43. The company's stock had a trading volume of 80,013 shares, compared to its average volume of 85,833. The business's 50-day simple moving average is $578.27 and its 200-day simple moving average is $565.05. Chemed Co. has a 52 week low of $523.33 and a 52 week high of $654.62. The stock has a market cap of $8.52 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.46.
Chemed (NYSE:CHE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.64 earnings per share for the quarter, missing analysts' consensus estimates of $5.76 by ($0.12). The firm had revenue of $606.18 million during the quarter, compared to analyst estimates of $612.22 million. Chemed had a net margin of 12.69% and a return on equity of 27.86%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.32 earnings per share. As a group, equities analysts forecast that Chemed Co. will post 21.43 earnings per share for the current fiscal year.
Chemed Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Monday, November 18th. Chemed's dividend payout ratio (DPR) is presently 10.11%.
Insider Buying and Selling at Chemed
In other news, EVP Spencer S. Lee sold 732 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $575.62, for a total transaction of $421,353.84. Following the sale, the executive vice president now owns 18,287 shares in the company, valued at $10,526,362.94. This represents a 3.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director George J. Walsh III sold 400 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $597.47, for a total transaction of $238,988.00. Following the completion of the sale, the director now owns 3,046 shares of the company's stock, valued at approximately $1,819,893.62. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,845 shares of company stock valued at $3,978,798 in the last 90 days. 3.32% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on CHE shares. StockNews.com upgraded shares of Chemed from a "hold" rating to a "buy" rating in a research note on Saturday. Royal Bank of Canada cut their price objective on Chemed from $697.00 to $633.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th.
Check Out Our Latest Research Report on Chemed
Chemed Profile
(
Free Report)
Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.
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