Chemed Corp. (CHE) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. raised its holdings in shares of Chemed Corp. (NYSE:CHE) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,952 shares of the company’s stock after buying an additional 8,517 shares during the quarter. Ameriprise Financial Inc. owned about 0.82% of Chemed worth $26,462,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. ClariVest Asset Management LLC grew its position in Chemed by 9.2% in the third quarter. ClariVest Asset Management LLC now owns 21,655 shares of the company’s stock valued at $4,375,000 after acquiring an additional 1,827 shares during the period. 361 Capital LLC bought a new stake in Chemed in the third quarter valued at $875,000. Quantbot Technologies LP grew its position in Chemed by 64.8% in the third quarter. Quantbot Technologies LP now owns 3,785 shares of the company’s stock valued at $764,000 after acquiring an additional 1,488 shares during the period. Russell Investments Group Ltd. grew its position in Chemed by 9.7% in the third quarter. Russell Investments Group Ltd. now owns 159,782 shares of the company’s stock valued at $32,285,000 after acquiring an additional 14,071 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Chemed by 341.5% in the third quarter. Teacher Retirement System of Texas now owns 5,744 shares of the company’s stock valued at $1,161,000 after acquiring an additional 4,443 shares during the period. Institutional investors own 97.75% of the company’s stock.
Shares of Chemed Corp. (NYSE:CHE) opened at $238.83 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.48 and a current ratio of 0.50. The company has a market capitalization of $3,844.45, a price-to-earnings ratio of 29.65, a PEG ratio of 5.09 and a beta of 1.16. Chemed Corp. has a 1-year low of $150.60 and a 1-year high of $251.00.
Chemed (NYSE:CHE) last announced its earnings results on Thursday, October 26th. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. The company had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $414.34 million. Chemed had a return on equity of 27.69% and a net margin of 4.62%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. research analysts expect that Chemed Corp. will post 4.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, November 10th. Chemed’s payout ratio is presently 24.89%.
In other news, VP Naomi C. Dallob sold 750 shares of the company’s 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 transaction, the vice president now owns 9,097 shares of the company’s stock, valued at $2,020,352.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick P. Grace sold 500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were 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 in the company, valued at approximately $909,682.20. The disclosure for this sale can be found here. Insiders have sold 46,179 shares of company stock worth $10,729,699 in the last 90 days. Company insiders own 4.90% of the company’s stock.
A number of analysts have weighed in on CHE shares. National Bank Financial upgraded Chemed from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Sunday, August 13th. Zacks Investment Research cut Chemed from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. KeyCorp started coverage on Chemed in a research report on Monday, August 28th. They issued a “sector weight” rating on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $209.00 price target on shares of Chemed in a research report on Friday, September 1st. Finally, Oppenheimer upped their price target on Chemed from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chemed has an average rating of “Hold” and a consensus target price of $236.00.
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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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