Chemed Corp. (NYSE:CHE) insider Spencer S. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $232.27, for a total value of $232,270.00. Following the sale, the insider now owns 35,809 shares in the company, valued at approximately $8,317,356.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Chemed Corp. (NYSE CHE) opened at $247.53 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15. Chemed Corp. has a 1 year low of $148.84 and a 1 year high of $248.31. The firm has a market capitalization of $3,950.00, a price-to-earnings ratio of 30.48, a P/E/G ratio of 5.23 and a beta of 1.16.
Chemed (NYSE:CHE) last announced its quarterly earnings data on Thursday, October 26th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. Chemed had a return on equity of 27.69% and a net margin of 4.62%. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $414.34 million. During the same period in the prior year, the company earned $1.73 EPS. Chemed’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts predict that Chemed Corp. will post 4.73 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Chemed by 1.9% in the second quarter. Vanguard Group Inc. now owns 1,830,711 shares of the company’s stock valued at $374,435,000 after purchasing an additional 34,938 shares during the last quarter. Acadian Asset Management LLC raised its position in Chemed by 1.3% in the second quarter. Acadian Asset Management LLC now owns 579,170 shares of the company’s stock valued at $118,454,000 after purchasing an additional 7,636 shares during the last quarter. State Street Corp raised its position in Chemed by 1.8% in the second quarter. State Street Corp now owns 453,605 shares of the company’s stock valued at $92,782,000 after purchasing an additional 8,238 shares during the last quarter. Investec Asset Management LTD increased its stake in shares of Chemed by 1.8% in the third quarter. Investec Asset Management LTD now owns 323,231 shares of the company’s stock valued at $65,309,000 after buying an additional 5,717 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of Chemed by 39.7% in the second quarter. Voya Investment Management LLC now owns 214,764 shares of the company’s stock valued at $43,926,000 after buying an additional 61,056 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.
A number of research analysts have commented on CHE shares. ValuEngine lowered Chemed from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded Chemed from a “hold” rating to a “buy” rating and set a $251.00 target price for the company in a research report on Thursday, November 2nd. TheStreet upgraded Chemed from a “c+” rating to an “a-” rating in a research report on Friday, October 27th. Royal Bank Of Canada upped their target price on Chemed to $232.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. Finally, Oppenheimer upped their target price on Chemed from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $236.00.
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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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