Headlands Technologies LLC Acquires New Shares in Chemed Co. (NYSE:CHE)

Headlands Technologies LLC acquired a new stake in Chemed Co. (NYSE:CHE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 434 shares of the company's stock, valued at approximately $230,000.

A number of other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company's stock worth $28,000 after acquiring an additional 39 shares during the last quarter. Atala Financial Inc acquired a new position in shares of Chemed in the 4th quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Chemed by 64.7% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company's stock worth $30,000 after purchasing an additional 22 shares during the last quarter. Trust Co. of Vermont acquired a new position in Chemed in the fourth quarter worth $34,000. Finally, Tortoise Investment Management LLC raised its holdings in shares of Chemed by 77.3% during the fourth quarter. Tortoise Investment Management LLC now owns 78 shares of the company's stock worth $41,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 95.85% of the company's stock.

Chemed Price Performance

Shares of NYSE CHE traded down $5.96 during trading hours on Thursday, hitting $582.09. 27,693 shares of the company's stock were exchanged, compared to its average volume of 96,489. The company's 50-day moving average price is $581.75 and its 200-day moving average price is $567.98. Chemed Co. has a 1-year low of $512.12 and a 1-year high of $627.12. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.15 and a beta of 0.49.

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Chemed Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.50 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. Chemed's payout ratio is 10.05%.

Insider Buying and Selling

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $593.67, for a total value of $1,187,340.00. Following the completion of the transaction, the chief executive officer now owns 102,679 shares of the company's stock, valued at $60,957,441.93. This represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on CHE. Royal Bank of Canada raised their target price on Chemed from $633.00 to $667.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. StockNews.com upgraded shares of Chemed from a "hold" rating to a "buy" rating in a report on Friday, March 7th.

Chemed Profile

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.