Spencer S. Lee Sells 1,000 Shares of Chemed Corp. (CHE) Stock
Chemed Corp. (NYSE:CHE) insider Spencer S. Lee sold 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.46, for a total transaction of $197,460.00. Following the sale, the insider now directly owns 37,809 shares in the company, valued at approximately $7,465,765.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Chemed Corp. (CHE) traded up 0.05% during trading on Friday, hitting $197.38. 95,646 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $196.43 and a 200-day moving average price of $194.33. Chemed Corp. has a one year low of $132.92 and a one year high of $216.01. The stock has a market cap of $3.16 billion, a P/E ratio of 48.97 and a beta of 1.14.
Chemed Corp. (NYSE:CHE) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.89 by $0.26. The business had revenue of $415.06 million during the quarter, compared to analyst estimates of $407.56 million. Chemed Corp. had a net margin of 4.16% and a return on equity of 26.18%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 EPS. Equities research analysts expect that Chemed Corp. will post $8.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.28 per share. This is a positive change from Chemed Corp.’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. Chemed Corp.’s dividend payout ratio is presently 28.07%.
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A number of hedge funds and other institutional investors have recently modified their holdings of CHE. Acrospire Investment Management LLC bought a new position in shares of Chemed Corp. during the second quarter worth about $120,000. Glen Harbor Capital Management LLC increased its stake in shares of Chemed Corp. by 11.4% in the first quarter. Glen Harbor Capital Management LLC now owns 624 shares of the company’s stock worth $114,000 after buying an additional 64 shares during the period. Pacad Investment Ltd. increased its stake 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. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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, TrimTabs Asset Management LLC increased its stake in shares of Chemed Corp. by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 732 shares of the company’s stock worth $134,000 after buying an additional 344 shares during the period. Institutional investors and hedge funds own 96.96% of the company’s stock.
CHE has been the topic of a number of analyst reports. BidaskClub cut shares of Chemed Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Chemed Corp. from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $208.00 target price on shares of Chemed Corp. in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. upped their target price on shares of Chemed Corp. from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, TheStreet lowered shares of Chemed Corp. from a “b+” rating to a “c+” rating in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $214.00.
Chemed Corp. 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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