11,650 Shares in Chemed Co. (NYSE:CHE) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in Chemed Co. (NYSE:CHE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,650 shares of the company's stock, valued at approximately $6,172,000. Trexquant Investment LP owned approximately 0.08% of Chemed as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CHE. Headlands Technologies LLC acquired a new stake in shares of Chemed in the fourth quarter valued at approximately $230,000. Geode Capital Management LLC increased its position in shares of Chemed by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 340,409 shares of the company's stock valued at $180,654,000 after buying an additional 4,966 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Chemed by 18.6% during the 4th quarter. Franklin Resources Inc. now owns 10,436 shares of the company's stock valued at $5,529,000 after purchasing an additional 1,636 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in Chemed by 8.7% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 560 shares of the company's stock worth $297,000 after buying an additional 45 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Chemed by 75.0% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 9,723 shares of the company's stock valued at $5,151,000 after buying an additional 4,166 shares during the period. 95.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHE has been the topic of a number of recent research reports. Royal Bank of Canada lifted 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 raised shares of Chemed from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

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Insiders Place Their Bets

In other news, CEO Kevin J. Mcnamara sold 1,000 shares of Chemed stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $615.33, for a total value of $615,330.00. Following the completion of the sale, the chief executive officer now directly owns 101,679 shares in the company, valued at approximately $62,566,139.07. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.32% of the company's stock.

Chemed Price Performance

NYSE CHE traded down $5.96 during trading on Thursday, reaching $582.09. 27,693 shares of the company's stock were exchanged, compared to its average volume of 96,489. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $627.12. The stock has a market capitalization of $8.52 billion, a P/E ratio of 29.41, a PEG ratio of 2.15 and a beta of 0.49. The business has a 50 day moving average price of $581.75 and a 200-day moving average price of $567.98.

Chemed Dividend Announcement

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

Chemed Company 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.