Y Intercept Hong Kong Ltd Purchases New Stake in Chemed Co. (NYSE:CHE)

Y Intercept Hong Kong Ltd purchased a new position in shares of Chemed Co. (NYSE:CHE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,577 shares of the company's stock, valued at approximately $835,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHE. HighTower Advisors LLC increased its stake in Chemed by 78.0% in the third quarter. HighTower Advisors LLC now owns 3,730 shares of the company's stock valued at $2,246,000 after purchasing an additional 1,634 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Chemed by 111.5% during the 3rd quarter. XTX Topco Ltd now owns 2,843 shares of the company's stock worth $1,709,000 after acquiring an additional 1,499 shares during the period. Geode Capital Management LLC increased its stake in shares of Chemed by 4.9% in the third quarter. Geode Capital Management LLC now owns 335,443 shares of the company's stock worth $201,820,000 after purchasing an additional 15,791 shares in the last quarter. Signal Advisors Wealth LLC lifted its position in shares of Chemed by 60.7% during the fourth quarter. Signal Advisors Wealth LLC now owns 4,995 shares of the company's stock worth $2,647,000 after acquiring an additional 1,886 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Chemed by 8.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,788 shares of the company's stock worth $73,792,000 after purchasing an additional 9,178 shares during the period. 95.85% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Chemed news, VP Brian C. Judkins acquired 145 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of $519.50 per share, for a total transaction of $75,327.50. Following the acquisition, the vice president now directly owns 1,678 shares in the company, valued at $871,721. The trade was a 9.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.32% of the company's stock.

Chemed Trading Down 2.0 %

NYSE:CHE traded down $11.87 during mid-day trading on Monday, reaching $588.93. The company's stock had a trading volume of 129,207 shares, compared to its average volume of 96,334. The firm's fifty day moving average price is $546.69 and its two-hundred day moving average price is $563.35. Chemed Co. has a 12-month low of $512.12 and a 12-month high of $654.62. The stock has a market cap of $8.86 billion, a P/E ratio of 29.76, a PEG ratio of 2.15 and a beta of 0.48.

Chemed Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Chemed from a "buy" rating to a "hold" rating in a report on Thursday. Royal Bank of Canada cut their price objective on Chemed from $697.00 to $633.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th.

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.