Chemed Co. (NYSE:CHE – Get Free Report) Director George J. Walsh III sold 200 shares of Chemed stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $577.95, for a total transaction of $115,590.00. Following the completion of the sale, the director now owns 3,446 shares of the company’s stock, valued at $1,991,615.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Chemed Trading Down 0.9 %
CHE opened at $571.76 on Friday. Chemed Co. has a 12-month low of $492.84 and a 12-month high of $654.62. The firm has a market capitalization of $8.66 billion, a PE ratio of 30.77, a P/E/G ratio of 2.40 and a beta of 0.43. The firm has a 50 day moving average of $552.83 and a two-hundred day moving average of $580.84.
Chemed (NYSE:CHE – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $5.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.59 by ($0.12). The business had revenue of $595.88 million for the quarter, compared to analysts’ expectations of $599.20 million. Chemed had a return on equity of 29.21% and a net margin of 12.88%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.71 earnings per share. As a group, analysts predict that Chemed Co. will post 21.77 EPS for the current fiscal year.
Chemed Increases Dividend
Hedge Funds Weigh In On Chemed
Institutional investors have recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Chemed in the 1st quarter valued at $1,064,000. ProShare Advisors LLC boosted its stake in Chemed by 6,288.9% during the 1st quarter. ProShare Advisors LLC now owns 50,600 shares of the company’s stock worth $32,482,000 after purchasing an additional 49,808 shares during the last quarter. Cim LLC acquired a new stake in Chemed during the 4th quarter worth $1,328,000. Sei Investments Co. boosted its stake in Chemed by 4.5% during the 1st quarter. Sei Investments Co. now owns 41,336 shares of the company’s stock worth $26,535,000 after purchasing an additional 1,780 shares during the last quarter. Finally, American National Bank & Trust Co. VA acquired a new stake in Chemed during the 1st quarter worth $3,122,000. 95.85% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently commented on CHE shares. StockNews.com upgraded shares of Chemed from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Royal Bank of Canada reduced their price target on shares of Chemed from $712.00 to $697.00 and set an “outperform” rating for the company in a research report on Tuesday, May 21st.
Check Out Our Latest Stock Report on Chemed
Chemed Company Profile
Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.
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