Chemed Corp. (CHE) Stake Lowered by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL lessened its holdings in Chemed Corp. (NYSE:CHE) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 527,204 shares of the company’s stock after selling 29,280 shares during the period. Gamco Investors INC. ET AL owned about 3.30% of Chemed Corp. worth $106,522,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of CHE. Acrospire Investment Management LLC acquired a new stake in shares of Chemed Corp. in the second quarter worth $120,000. Pacad Investment Ltd. boosted its position in shares of Chemed Corp. by 250.0% in the second quarter. Pacad Investment Ltd. now owns 700 shares of the company’s stock worth $143,000 after buying an additional 500 shares during the period. IFP Advisors Inc boosted its position in shares of Chemed Corp. by 1,504.5% in the third quarter. IFP Advisors Inc now owns 706 shares of the company’s stock worth $143,000 after buying an additional 662 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Chemed Corp. by 12.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock worth $150,000 after buying an additional 83 shares during the period. Finally, MCF Advisors LLC acquired a new stake in shares of Chemed Corp. in the third quarter worth $152,000. 97.29% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on CHE. Zacks Investment Research upgraded Chemed Corp. from a “hold” rating to a “buy” rating and set a $251.00 price objective for the company in a report on Thursday. TheStreet upgraded Chemed Corp. from a “c+” rating to an “a-” rating in a report on Friday, October 27th. Royal Bank Of Canada increased their price objective on Chemed Corp. to $232.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of Chemed Corp. in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. increased their price objective on Chemed Corp. from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $236.00.
Shares of Chemed Corp. (CHE) traded down $4.81 during trading hours on Monday, hitting $230.20. The company had a trading volume of 27,965 shares, compared to its average volume of 96,024. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.50 and a quick ratio of 0.48. The firm has a market capitalization of $3,752.17, a PE ratio of 28.94, a price-to-earnings-growth ratio of 4.97 and a beta of 1.14.
Chemed Corp. (NYSE:CHE) last announced its quarterly earnings data on Thursday, October 26th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.15. Chemed Corp. 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 analyst estimates of $414.34 million. During the same period last year, the company earned $1.73 earnings per share. Chemed Corp.’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts anticipate that Chemed Corp. will post 4.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.12 annualized dividend and a yield of 0.49%. Chemed Corp.’s dividend payout ratio (DPR) is currently 24.89%.
In other Chemed Corp. news, CEO Kevin J. Mcnamara sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $223.42, for a total transaction of $2,234,200.00. Following the transaction, the chief executive officer now directly owns 170,016 shares in the company, valued at $37,984,974.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Spencer S. Lee sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $228.45, for a total value of $228,450.00. Following the transaction, the executive vice president now owns 36,809 shares in the company, valued at $8,409,016.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,250 shares of company stock worth $2,927,418. Corporate insiders own 4.90% of the company’s stock.
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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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