First Trust Advisors LP decreased its position in Chemed Corp. (NYSE:CHE) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,257 shares of the company’s stock after selling 477 shares during the quarter. First Trust Advisors LP’s holdings in Chemed were worth $658,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CHE. Strs Ohio raised its holdings in Chemed by 305.3% during the third quarter. Strs Ohio now owns 7,700 shares of the company’s stock worth $1,555,000 after purchasing an additional 5,800 shares in the last quarter. APG Asset Management N.V. purchased a new position in shares of Chemed during the third quarter worth approximately $5,657,000. Rockefeller Financial Services Inc. grew its position in shares of Chemed by 6.0% during the third quarter. Rockefeller Financial Services Inc. now owns 86,192 shares of the company’s stock worth $17,415,000 after acquiring an additional 4,844 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Chemed by 100.0% during the third quarter. Mutual of America Capital Management LLC now owns 22,922 shares of the company’s stock worth $4,631,000 after acquiring an additional 11,459 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in shares of Chemed by 173.1% during the third quarter. Shell Asset Management Co. now owns 28,994 shares of the company’s stock worth $2,983,000 after acquiring an additional 18,379 shares during the last quarter. 97.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Chemed from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Sunday, August 13th. Royal Bank Of Canada restated a “hold” rating and set a $209.00 target price on shares of Chemed in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Chemed from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. ValuEngine lowered shares of Chemed from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, KeyCorp started coverage on shares of Chemed in a research report on Monday, August 28th. They set a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $236.00.
Chemed (NYSE:CHE) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Chemed had a net margin of 4.62% and a return on equity of 27.69%. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $414.34 million. During the same period last year, the firm posted $1.73 EPS. Chemed’s quarterly revenue was up 6.3% on a year-over-year basis. equities analysts anticipate that Chemed Corp. will post 4.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.12 annualized dividend and a dividend yield of 0.47%. Chemed’s payout ratio is currently 24.89%.
In other news, VP Naomi C. Dallob sold 750 shares of Chemed stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $222.09, for a total transaction of $166,567.50. Following the completion of the transaction, the vice president now owns 9,097 shares of the company’s stock, valued at approximately $2,020,352.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick P. Grace sold 500 shares of Chemed stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $201.48, for a total value of $100,740.00. Following the transaction, the director now directly owns 4,515 shares of the company’s stock, valued at approximately $909,682.20. The disclosure for this sale can be found here. Insiders have sold a total of 46,179 shares of company stock worth $10,729,699 over the last 90 days. Insiders own 4.90% of the company’s stock.
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Chemed Company Profile
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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