United Services Automobile Association raised its holdings in shares of Chemed Co. (NYSE:CHE) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,991 shares of the company’s stock after acquiring an additional 71 shares during the quarter. United Services Automobile Association’s holdings in Chemed were worth $2,162,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in Chemed by 2.5% during the second quarter. BlackRock Inc. now owns 1,697,275 shares of the company’s stock valued at $612,445,000 after acquiring an additional 42,102 shares during the period. FMR LLC increased its holdings in shares of Chemed by 27.0% in the first quarter. FMR LLC now owns 311,951 shares of the company’s stock worth $99,847,000 after purchasing an additional 66,276 shares during the last quarter. Investec Asset Management LTD increased its holdings in shares of Chemed by 7.3% in the second quarter. Investec Asset Management LTD now owns 269,948 shares of the company’s stock worth $97,408,000 after purchasing an additional 18,449 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Chemed by 7.4% in the second quarter. Invesco Ltd. now owns 262,075 shares of the company’s stock worth $94,567,000 after purchasing an additional 18,100 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Chemed by 27.9% in the second quarter. TimesSquare Capital Management LLC now owns 217,000 shares of the company’s stock worth $78,302,000 after purchasing an additional 47,300 shares during the last quarter. 87.12% of the stock is currently owned by institutional investors and hedge funds.
In other Chemed news, Director George J. Walsh III bought 500 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $412.86 per share, for a total transaction of $206,430.00. Following the completion of the transaction, the director now directly owns 4,520 shares of the company’s stock, valued at $1,866,127.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Donald E. Saunders sold 400 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $432.87, for a total value of $173,148.00. Following the transaction, the director now owns 7,408 shares of the company’s stock, valued at approximately $3,206,700.96. The disclosure for this sale can be found here. Insiders have sold 46,812 shares of company stock worth $20,005,507 over the last three months. 3.96% of the stock is currently owned by insiders.
Shares of NYSE CHE opened at $403.62 on Wednesday. The business’s 50 day moving average is $423.93 and its two-hundred day moving average is $370.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.78. Chemed Co. has a 1-year low of $260.03 and a 1-year high of $441.79. The stock has a market capitalization of $6.62 billion, a P/E ratio of 33.83, a PEG ratio of 2.81 and a beta of 1.11.
Chemed (NYSE:CHE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.27. Chemed had a return on equity of 35.63% and a net margin of 10.94%. The company had revenue of $473.60 million for the quarter, compared to analysts’ expectations of $471.72 million. During the same period in the previous year, the firm posted $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Chemed Co. will post 13.54 earnings per share for the current fiscal year.
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 in the United States. It operates through two segments, VITAS and Roto-Rooter. The company also offers plumbing, drain cleaning, water restoration, and other related services to residential and commercial customers through company-owned and independent contractors, and franchised locations.
Further Reading: How to Invest in a Bull Market
Want to see what other hedge funds are holding CHE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chemed Co. (NYSE:CHE).
Receive News & Ratings for Chemed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemed and related companies with MarketBeat.com's FREE daily email newsletter.