Postrock Partners LLC Makes New $584,000 Investment in Chemed Co. (NYSE:CHE)

Postrock Partners LLC acquired a new stake in Chemed Co. (NYSE:CHE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,103 shares of the company’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CHE. CIBC Asset Management Inc increased its stake in Chemed by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 457 shares of the company’s stock valued at $242,000 after purchasing an additional 22 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of Chemed by 1.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,354 shares of the company’s stock valued at $814,000 after buying an additional 25 shares during the last quarter. Independent Advisor Alliance grew its position in shares of Chemed by 1.1% in the 4th quarter. Independent Advisor Alliance now owns 2,279 shares of the company’s stock valued at $1,207,000 after buying an additional 25 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Chemed by 7.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 498 shares of the company’s stock valued at $264,000 after acquiring an additional 33 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its position in Chemed by 7.2% in the third quarter. First Heartland Consultants Inc. now owns 508 shares of the company’s stock valued at $305,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Chemed Trading Up 0.1 %

Shares of CHE opened at $590.03 on Friday. The company’s 50 day simple moving average is $557.78 and its 200-day simple moving average is $564.44. Chemed Co. has a 12-month low of $512.12 and a 12-month high of $654.62. The firm has a market cap of $8.64 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43.

Chemed Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a $0.50 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.00 dividend on an annualized basis and a yield of 0.34%. Chemed’s dividend payout ratio is presently 10.05%.

Insider Activity

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total value of $1,187,340.00. Following the transaction, the chief executive officer now owns 102,679 shares of the company’s stock, valued at approximately $60,957,441.93. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian C. Judkins purchased 145 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of $519.50 per share, with a total value of $75,327.50. Following the completion of the acquisition, the vice president now owns 1,678 shares of the company’s stock, valued at approximately $871,721. This trade represents a 9.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.32% of the company’s stock.

Chemed 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.