Shares of Chemed Corp. (NYSE:CHE) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $214.50.
A number of brokerages have issued reports on CHE. Zacks Investment Research raised Chemed Corp. from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a report on Wednesday, August 23rd. BidaskClub downgraded Chemed Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $209.00 price target on shares of Chemed Corp. in a report on Monday, July 31st. KeyCorp began coverage on Chemed Corp. in a report on Monday, August 28th. They issued a “sector weight” rating for the company. Finally, TheStreet downgraded Chemed Corp. from a “b+” rating to a “c+” rating in a report on Tuesday, July 25th.
In other news, insider Spencer S. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.46, for a total transaction of $197,460.00. Following the completion of the transaction, the insider now directly owns 37,809 shares of the company’s stock, valued at approximately $7,465,765.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kevin J. Mcnamara sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $201.16, for a total value of $3,017,400.00. Following the transaction, the insider now directly owns 173,801 shares of the company’s stock, valued at $34,961,809.16. The disclosure for this sale can be found here. Corporate insiders own 5.32% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of Chemed Corp. by 1.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,891 shares of the company’s stock worth $711,000 after buying an additional 39 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Chemed Corp. by 1.1% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,700 shares of the company’s stock worth $676,000 after buying an additional 40 shares during the period. Kalos Management Inc. raised its stake in shares of Chemed Corp. by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 6,521 shares of the company’s stock worth $1,333,000 after buying an additional 45 shares during the period. Capstone Asset Management Co. raised its stake in shares of Chemed Corp. by 2.7% during the 2nd quarter. Capstone Asset Management Co. now owns 1,857 shares of the company’s stock worth $380,000 after buying an additional 49 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Chemed Corp. by 0.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the company’s stock worth $2,373,000 after buying an additional 50 shares during the period. 96.96% of the stock is owned by institutional investors and hedge funds.
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Shares of Chemed Corp. (NYSE CHE) traded up 1.38% during trading on Thursday, hitting $195.88. 211,555 shares of the stock traded hands. The stock has a 50 day moving average of $193.71 and a 200 day moving average of $195.72. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 48.59 and a beta of 1.14. Chemed Corp. has a 52-week low of $132.92 and a 52-week high of $216.01.
Chemed Corp. (NYSE:CHE) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.26. Chemed Corp. had a return on equity of 26.18% and a net margin of 4.16%. The company had revenue of $415.06 million during the quarter, compared to the consensus estimate of $407.56 million. During the same period in the previous year, the company posted $1.80 earnings per share. Chemed Corp.’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that Chemed Corp. will post $8.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. This is an increase from Chemed Corp.’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, August 10th. Chemed Corp.’s dividend payout ratio is presently 28.07%.
About Chemed Corp.
Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.
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