Fox Run Management L.L.C. Has $213,000 Position in Chemed Co. (NYSE:CHE)

Fox Run Management L.L.C. trimmed its holdings in Chemed Co. (NYSE:CHE) by 40.3% during the fourth quarter, Holdings Channel reports. The firm owned 402 shares of the company’s stock after selling 271 shares during the quarter. Fox Run Management L.L.C.’s holdings in Chemed were worth $213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Chemed in the fourth quarter worth approximately $42,023,000. FMR LLC increased its stake in shares of Chemed by 23.8% in the 3rd quarter. FMR LLC now owns 238,616 shares of the company’s stock valued at $143,401,000 after acquiring an additional 45,917 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Chemed by 114.1% during the 4th quarter. Principal Financial Group Inc. now owns 74,658 shares of the company’s stock valued at $39,554,000 after acquiring an additional 39,791 shares during the period. Aureus Asset Management LLC grew its holdings in Chemed by 3,147.2% in the third quarter. Aureus Asset Management LLC now owns 29,939 shares of the company’s stock worth $17,993,000 after purchasing an additional 29,017 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in Chemed by 10.0% in the fourth quarter. Boston Trust Walden Corp now owns 242,172 shares of the company’s stock worth $128,303,000 after purchasing an additional 22,105 shares during the period. Institutional investors own 95.85% of the company’s stock.

Chemed Trading Down 1.0 %

CHE opened at $605.94 on Friday. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 2.15 and a beta of 0.43. The company’s fifty day moving average price is $574.16 and its two-hundred day moving average price is $566.71. Chemed Co. has a 1-year low of $512.12 and a 1-year high of $642.68.

Chemed Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.00 annualized dividend and a yield of 0.33%. Chemed’s payout ratio is 10.05%.

Analysts Set New Price Targets

CHE has been the topic of a number of research analyst reports. StockNews.com raised shares of Chemed from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Royal Bank of Canada raised their price objective on Chemed from $633.00 to $667.00 and gave the company an “outperform” rating in a research note on Friday, March 14th.

Insider Buying and Selling at Chemed

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total transaction of $1,187,340.00. Following the transaction, the chief executive officer now owns 102,679 shares of the company’s stock, valued at $60,957,441.93. The trade was a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian C. Judkins purchased 145 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost of $519.50 per share, with a total value of $75,327.50. Following the completion of the transaction, the vice president now directly owns 1,678 shares in the company, valued at $871,721. The trade was a 9.46 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.32% of the company’s stock.

About Chemed

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.