Kevin J. Mcnamara Sells 10,000 Shares of Chemed Corp. (CHE) Stock
Chemed Corp. (NYSE:CHE) CEO Kevin J. Mcnamara sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $223.42, for a total value of $2,234,200.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.
Chemed Corp. (NYSE:CHE) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15. The firm had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $414.34 million. Chemed Corp. had a net margin of 4.62% and a return on equity of 27.69%. Chemed Corp.’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share.
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A number of large investors have recently modified their holdings of the stock. Kalos Management Inc. boosted its holdings in Chemed Corp. by 0.7% in the second quarter. Kalos Management Inc. now owns 6,521 shares of the company’s stock worth $1,333,000 after purchasing an additional 45 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in Chemed Corp. by 2.7% during the second quarter. Capstone Asset Management Co. now owns 1,857 shares of the company’s stock valued at $380,000 after acquiring an additional 49 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Chemed Corp. by 0.4% during the second quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the company’s stock valued at $2,373,000 after acquiring an additional 50 shares during the period. Amalgamated Bank boosted its holdings in Chemed Corp. by 2.9% during the second quarter. Amalgamated Bank now owns 2,203 shares of the company’s stock valued at $451,000 after acquiring an additional 62 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Chemed Corp. by 0.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 8,681 shares of the company’s stock valued at $1,776,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.
Several research firms have commented on CHE. Zacks Investment Research raised Chemed Corp. from a “hold” rating to a “buy” rating and set a $251.00 price objective on the stock in a research report on Thursday. TheStreet raised Chemed Corp. from a “c+” rating to an “a-” rating in a research report on Friday, October 27th. Royal Bank Of Canada raised their price objective on Chemed Corp. to $232.00 and gave the company a “sector perform” rating in a research report on Tuesday. KeyCorp reissued a “hold” rating on shares of Chemed Corp. in a research report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. raised their price objective on Chemed Corp. from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $236.00.
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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