Hutchens Investment Management Inc bought a new position in shares of Chemed Co. (NYSE:CHE) during the fourth quarter, HoldingsChannel reports. The firm bought 1,250 shares of the company’s stock, valued at approximately $303,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Chemed by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,830,711 shares of the company’s stock worth $374,435,000 after buying an additional 34,938 shares in the last quarter. State Street Corp lifted its holdings in Chemed by 1.8% during the 2nd quarter. State Street Corp now owns 453,605 shares of the company’s stock worth $92,782,000 after buying an additional 8,238 shares in the last quarter. Investec Asset Management LTD lifted its holdings in Chemed by 1.8% during the 3rd quarter. Investec Asset Management LTD now owns 323,231 shares of the company’s stock worth $65,309,000 after buying an additional 5,717 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Chemed by 39.7% during the 2nd quarter. Voya Investment Management LLC now owns 214,764 shares of the company’s stock worth $43,926,000 after buying an additional 61,056 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Chemed by 111.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,551 shares of the company’s stock worth $36,125,000 after buying an additional 96,237 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.
In related news, Director Donald E. Saunders sold 500 shares of Chemed stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $227.75, for a total transaction of $113,875.00. Following the sale, the director now directly owns 10,298 shares in the company, valued at approximately $2,345,369.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Patrick Williams sold 11,000 shares of Chemed stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $241.28, for a total transaction of $2,654,080.00. Following the sale, the insider now owns 74,857 shares in the company, valued at $18,061,496.96. The disclosure for this sale can be found here. Insiders sold a total of 45,679 shares of company stock worth $10,628,959 over the last 90 days. Company insiders own 4.90% of the company’s stock.
Chemed (NYSE:CHE) last announced its quarterly earnings data on Thursday, October 26th. The company reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.15. Chemed had a net margin of 4.62% and a return on equity of 27.69%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $414.34 million. During the same period last year, the business earned $1.73 EPS. The company’s revenue was up 6.3% on a year-over-year basis. equities research analysts expect that Chemed Co. will post 4.73 EPS for the current year.
CHE has been the topic of a number of analyst reports. KeyCorp restated a “hold” rating on shares of Chemed in a report on Friday, October 27th. Royal Bank of Canada restated a “hold” rating and issued a $209.00 price objective on shares of Chemed in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Chemed from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine lowered shares of Chemed from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, TheStreet upgraded shares of Chemed from a “c+” rating to an “a-” rating in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $236.00.
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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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