Chemtrade Logistics Income Fund (CHE) Price Target Raised to $225.00

Chemtrade Logistics Income Fund (NYSE:CHE) had its price target raised by Oppenheimer Holdings, Inc. from $220.00 to $225.00 in a report issued on Friday, October 27th. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on CHE. National Bank Financial raised shares of Chemtrade Logistics Income Fund from a sector perform market weight rating to an outperform market weight rating in a research report on Sunday, August 13th. Royal Bank of Canada restated a hold rating and set a $209.00 price target on shares of Chemtrade Logistics Income Fund in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of Chemtrade Logistics Income Fund from a buy rating to a hold rating in a research note on Tuesday, September 26th. BidaskClub lowered shares of Chemtrade Logistics Income Fund from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Finally, KeyCorp reiterated a hold rating on shares of Chemtrade Logistics Income Fund in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Chemtrade Logistics Income Fund presently has a consensus rating of Hold and an average target price of C$236.00.

Shares of Chemtrade Logistics Income Fund (CHE) opened at C$231.12 on Friday. Chemtrade Logistics Income Fund has a 52-week low of C$143.87 and a 52-week high of C$235.96.

Chemtrade Logistics Income Fund (NYSE:CHE) last announced its quarterly earnings results on Thursday, October 26th. The company reported C$2.15 earnings per share for the quarter, topping the consensus estimate of C$2.00 by C$0.15. Chemtrade Logistics Income Fund had a negative net margin of 5.22% and a negative return on equity of 18.22%. The firm had revenue of C$417.40 million during the quarter, compared to analysts’ expectations of C$414.34 million. During the same quarter in the prior year, the company earned $1.73 EPS. The company’s revenue was up 6.3% compared to the same quarter last year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, November 10th.

In other news, VP Naomi C. Dallob sold 750 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of C$222.09, for a total value of C$166,567.50. Following the transaction, the vice president now directly owns 9,097 shares of the company’s stock, valued at C$2,020,352.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Spencer S. Lee sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of C$197.46, for a total transaction of C$197,460.00. Following the completion of the transaction, the insider now directly owns 37,809 shares in the company, valued at C$7,465,765.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,650 shares of company stock worth $3,480,193.

Several institutional investors and hedge funds have recently made changes to their positions in CHE. BlackRock Inc. increased its position in shares of Chemtrade Logistics Income Fund by 145,760.9% during the first quarter. BlackRock Inc. now owns 1,955,994 shares of the company’s stock valued at $357,341,000 after acquiring an additional 1,954,653 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Chemtrade Logistics Income Fund by 7.5% during the first quarter. Vanguard Group Inc. now owns 1,795,773 shares of the company’s stock valued at $328,070,000 after acquiring an additional 125,018 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Chemtrade Logistics Income Fund by 111.5% during the third quarter. JPMorgan Chase & Co. now owns 182,551 shares of the company’s stock valued at $36,125,000 after acquiring an additional 96,237 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Chemtrade Logistics Income Fund by 39.7% during the second quarter. Voya Investment Management LLC now owns 214,764 shares of the company’s stock valued at $43,926,000 after acquiring an additional 61,056 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of Chemtrade Logistics Income Fund by 173.5% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 95,212 shares of the company’s stock valued at $19,237,000 after acquiring an additional 60,399 shares during the last quarter.

Chemtrade Logistics Income Fund 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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